The Public Provident Fund (PPF) is a government-backed retirement savings scheme that offers guaranteed returns on investments through compound interest. Established in 1968 by the National Savings Institute, the investment tool is a long-term savings option that includes a mandatory 15-year lock-in period. However, many investors wonder whether the PPF interest rate is the same … Read more
Standard Chartered has unveiled its inaugural social bond valued at €1 billion (US$1.086 billion), marking a strategic initiative to promote sustainable development in low-income countries within its emerging markets footprint. This bond issuance is primarily targeted at fostering growth in small and medium-sized enterprises (SMEs), while also enhancing access to essential services such as healthcare … Read more
Mutual fund investment has become an appealing opportunity for wealth accumulation. A key advantage of this investment avenue is its accessibility, as individuals can start investing with amounts as low as Rs 100 or Rs 200 through Systematic Investment Plans (SIPs). The power of compound interest, given time to grow, has the potential to turn … Read more
Finance Minister Nirmala Sitharaman will formerly float the NPS Vatsalya scheme on September 18, 2024, almost two months after announcing it in the Union Budget 2024. The scheme, which is an extension of the existing National Pension Scheme, is focused on children and the investment made in this account will be to ensure long-term wealth. … Read more
Last week, the Centre revised the interest rates applicable to three-year term deposit scheme by 10 basis points for the January-March quarter. According to a finance ministry circular, the deposit under Sukanya Samriddhi scheme would attract an interest rate of 8.2 per cent from the existing 8 per cent, while the 3-year term deposit would … Read more