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Public provident fund as a savings scheme

PPF or Public Provident Fund is a scheme offered by the Government of India for savings where the Government of India pays the interest for the account holder on a quarterly basis. This scheme is also tax-free. The applicable PPF interest rate for 1st Jan to 31st March 2019 (Q4 FY 2018-19) has been fixed …

Government Savings Promotion Act

Government proposed creation of a new Government Saving Promotion Act during the budget of 2018. The Amendments proposes that It will merge Government Savings Certificates Act, 1959 and Public Provident Fund (PPF) Act, 1968 with the Government Savings Banks Act, 1873. The move intends to remove existing ambiguities due to multiple Acts and rules in …

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