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PPF- Public Provident Fund.- Explained - Rate & Limit Hiked Wef. 1st Dec,2011

PPF Eligibility- Individuals, individuals on behalf of minor  Min- Rs 500 per annum in multiples of 5 Rs 1,00,000/- per annum (wef from : 1 st Dec,2011) Duration- 15 years, can be extended for one or more blocks of 5 years. Account can be discontinued but the repayment of subscription and interest will happen only  after 15 years. Rate of Interest – 8.6% pa, credited in the account on the 31st of march and calculated on the minimum balance between 5th Day and the end of the month. Loans – During the third to sixth year the account holder can avail the facility of loan of an amount not exceeding 25% of the balance standing to his credit at the end of the second financial year immediately preceding the year of loan application. The principal amount of loan under the PPF scheme is required to be paid either in lump sum or in monthly installments within a period of 36 months. After the principal amount is repaid the interest is to be paid in not more...
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Why Plan Early For Children Education :-

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All Mom & Dad work hard to give best education to their Child.... We just have to face the fact that in today’s challenging life scenario, raising children have become more expensive, but not impossible and some of the factors of that are : 1. Rising Inflation 2. Heavy Increment in Education Prices 3. Change In Life Style I still remember those days of schools & colleges where the fees in the past were around Rs. 3000 to Rs. 5000 for studying through bachelor’s degree or maximum 50,000 – 1,00,000 for an MBA Degree. Forget about the Barbie Dolls, A Dingo for your kid, or a Cost of Video games, this are now necessity, the education Fees for playschool alone is costing 50,000 to 1,00,000 per year. Tough to understand but it’s a fact now a days. And mind it as here we are talking about some serious kind of money for most of the people of India, to be precise, the average income of an Indi...
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Spending Money ? Stop Spending too much

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Spending Money (Everyone’s Favorite Activity)   STOP SPENDING MONEY –  We will here talk about spending money….Spending that too when we don’t have to….we are talking about the psychology of managing money/cash, and the amount of cash spending started by India’s youth now a days. We actually don’t realize that spending cash i.e. purchasing products or services are purchased under different reasons, most of the time whatever things/products or services we buy….its just because of our feeling (a feel good factor within us). This type of feeling & satisfaction on spending, leads to short fall of CASH. Sometime spending too much on unnecessary products & services don’t allow us to pay off our debt…or in other words “we don’t get debt free”. We all have rainy days; a lot of people among us feel so empty and feels low self-esteem because sometime we spend a lot on unnecessary things. Once we truly follow this and understand the emotions ...
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