Public Provident Fund

public provident fundPublic Provident Fund: long-term savings device which has a maturity period of 15 yrs and interest payable at 8 percent per year compounded yearly. A Public Provident Fund accounts can be opened via a nationalized bank whenever during the year as well as open during the entire year for depositing cash.Benefits of tax can be benefited for that amount invested as well as interest accrued is tax-free.

A withdrawal is allowable each year from the 7th monetary yr from the date of account opening and the sum of withdrawal will probably be restricted to 50percent of the balance at credit at the conclusion of the fourth yr quickly previous the year in which the amount is withdrawn or at the conclusion of the preceding yr whichever is lower the amount of loan if any.

Be Sociable, Share!
Tags: ,

Stock Market Basics For Beginners

What Is A Issue Price?

What Is A Issue Price? The price where a firm's shares are provided at first in the primary market is known as the Issue price. When they start to be ...…

Reason For Company Issue Shares To The Public

Reason For Company Issue Shares To The Public Most firms are generally began privately through their promoter(s). However, the promoters capital and also the borrowings from financial institutions as well as banks may ...…

Who’re the players in the Securities Market?

Who’re the players in the Securities Market? The securities market basically has 3 categories of-participants, such as, the companies of securities, traders in securities and also the intermediaries, like merchant bankers, brokers ...…

Role Of Primary Market

Role Of Primary Market The primary market's offers the route for sale of fresh securities. Primary market offers chance to companies of securities; Govt as well as corporates, to ...…

Cut Off Price Meaning

Cut Off Price Meaning In the Book building issue, the issuer is needed to show either the floor price or price band in the red herring prospectus. The actual ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV
web
analytics