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  Introduction A PPF account or Public Provident Fund account is a Savings-cum-tax-saving instrument in India, which was introduced in 1968 by National Savings Institute of Ministry of Finance (Central Government).   Since its introduction PPF Account has been one of the most favourite entities to invest for the people who are seeking a long term and stable returns.   PPF Account falls under the EEE (Exempt, Exempt, Exempt) category of Taxation in India. This means that during investment it will be liable for tax benefit u/s 80c, the interest earned will be exempted from income tax, and during maturity it is totally tax-free. Contents Eligibility Any individual, who is a resident of India can open a PPF Account and will be entitled to tax-free returns.   NRIs (Non-resident Indians) are not allowed to open a fresh PPF Account. However, they can maintain a previously opened PPF account. Deposits To maintain a PPF Account one has to deposit at least Rs.500 every year. T...

  Welcome Guys! Do you have a combination of debt, and aren't sure where to start? It's time to start feeling less overwhelmed. Here are the  5 Steps to Start Paying Off your Debt.              Guys this is second part of the post "  Want to Get Rid of your Debt? Read How?  ". In the last part we have discussed how to save yourself from taking anykind of debt.  In this part I am going to give you five steps to payoff your Debt. i) List your Debt according to increasing Interest Rate:- The first step to payoff all your Debt is the listing of the Debt according to increasing Interest Rate.               After listing your Debt you are well known that what are the types of loan you have and how much EMI you have to pay monthly. First of all just pay the minimum EMI for every loan. After this there comes two methods to payoff.  a) Snowball Method:-  After paying the minimum EMI in t...

  There are many people in this world who are suffering from diseases like Hypertension, High Blood Pressure, Depression only because of the pressure of debt. And due to this they don't have barrier free thinking which is declining then day by day.     See there are two kinds of debt GOOD DEBT and BAD DEBT. Good debt help you to improve yourself and also in increasing your income. This may be your educational loan, EMI for a seminar or anything that helps you to improve your skill. On the other hand Bad Debt is used mainly for the personal satisfaction such as car loan, purchasing a phone on EMI or other loans for personal satisfaction.             Infact Debt is Debt and you have to pay them back whether it is Good or Bad.    There are two steps to handle your Debt:- a) How to save yourself from taking anykind of Debt. b) How to payoff your Debt. How to save yourself from taking anykind of Debt? i) Blessings Of Making a Budget: ...