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?
During our entire work life, we get used to getting salary cheques at the end of the month and using the funds to meet our expenses. Once we retire, the game stops. There are no salary cheques at the end of every month. Though the salary has stopped, the expenses haven’t. And it is not easy to change or shun money or expense management skills that have been developed over a … [Read more...] about Senior Citizens Savings Scheme