Pradhan Mantri Vaya Vandana Yojana (PMVVY) was launched in May 2017 to provide a long-term income option for senior citizens in the country. This assumes importance in the wake of the low-interest rate scenario we find ourselves in. Fixed deposits are getting renewed at lower rates. This poses problems to those senior citizens who rely on interest income to meet regular … [Read more...] about All you need to know about Pradhan Mantri Vaya Vandana Yojana (PMVVY)
If you are looking for a one-word answer, my answer is “Yes”. You must continue investing in Public Provident Fund (PPF). In the remainder of the posts, we look at why. PPF interest has been cut to 7.1% p.a. for the April-June 2020 quarter. This is the lowest PPF interest rate has ever been. The impact of the rate cut in PPF and SSY (Sukanya Samriddhi Yojana) accounts … [Read more...] about At 7.1% p.a., Should you invest in PPF?