ppf closed nris now withdraw

PPF closed for NRIs: What to do now & how to withdraw?

Public Provident Fund (PPF) accounts held by Non-Resident Indians (NRI) stand closed according to a recent notification by the Government of India. The closure will come with effect from the day their status changes to Non-Resident. A similar amendment has...

golden rules of wealth management

Golden Rules of Wealth Management

Who doesn’t want to be rich? Just dreaming or aspiring isn’t enough. It would be best if you acted towards it. With a goal in mind and discipline to achieve it, you can be rich. However, this is not something...

investing on sms whatsapp stock tips

Investing on SMS/WhatsApp stock tips? Beware!

Have you ever received a stock tip SMS or WhatsApp message? Most likely it’s a manipulator trying to loot you. These messages typically carry a fantasy about a hidden opportunity in a stock that it is going to move up...

15 tips for salaried employee to save tax

15 Tips for a Salaried Employee to Save Tax

It’s that time of the year again – Tax Planning. With the financial year-end around the corner, all of us start planning our tax savings now. As a salaried employee, before anything, you should understand your tax slab and meaning...

gift amount not taxable in india

Amount received as gift by any blood relative living in US is not taxable in India

This article was first published on livemint. I am a US resident and gifted money to my parents in India. They invested that in mutual funds in their name. Are there any tax implications for me? Any amount received as a...

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tax on fd

Surprising — how Tax on FD and Bank Accounts reduces your returns

We have often heard that putting our money in banks is a safe way to get fixed returns. Few of us realize that interest generated on savings accounts and fixed deposits is taxable and needs to be declared in annual...

is 5 crore enough for retirement planning

Retirement Planning: Is Rs 5 Crore enough?

Is it possible to retire with a corpus of Rs 5 crore at the time of retirement? Well, it depends on your age, expenses, lifestyle after retirement and how much are you willing to contribute to retirement at that age....

nris continue to invest in ppf

NRIs can continue to invest in PPF

This article was first published on livemint. I had invested ₹10 lakh in Public Provident Fund (PPF) before leaving India. I have heard that PPF is not available anymore for NRIs. How would it impact me? What should I do now...