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The Public Provident Fund ( PPF) is a voluntary savings-cum-tax-reduction social security instrument in India, [ 1] introduced by the National Savings Institute of the Ministry of Finance in 1968. The scheme's main objective is to mobilize small savings for social security during uncertain times by offering an investment with reasonable returns ...
Status. Active. Sukanya Samriddhi Account ( Girl Child Prosperity Account) is a Government of India backed saving scheme targeted at the parents of girl children. The scheme encourages parents to build a fund for the future education of their female child. [ 1][ 2] The scheme was launched by Prime Minister Narendra Modi on 22 January 2015 as a ...
Both sides of 1953 Fifty-Rupees Post Office National Savings Certificate. National Savings Certificates, popularly known as NSC, is an Indian Government savings bond, primarily used for small savings and income tax saving investments in India. It is part of the postal savings system of India Post . These can be purchased from any Post Office in ...
Finance. MSSC Scheme was launched by the Government of India in Budget 2023 for women and girls in India. PM Poshan Shakti Nirman Abhiyaan. (PM-POSHAN, Prime Minister's Overarching Scheme for Holistic Nourishment, (lit) PM Nutrition Power Building Scheme) CSS. MoWCD. 2021 [N] Health, Education.
Thrift Savings Plan. TSP logo. The Thrift Savings Plan ( TSP) is a defined contribution plan for United States civil service employees and retirees as well as for members of the uniformed services. As of December 31, 2021, TSP has approximately 7 million participants (of which approximately 4.1 million are actively participating through payroll ...
An Equity Linked Savings Scheme, popularly known as ELSS, is a type of diversified equity scheme which comes, with a lock-in period of three years, offered by mutual funds in India. [ 1][ 2] They offer tax benefits under the Section 80C of Income Tax Act 1961. [ 3] ELSSes can be invested using both SIP ( Systematic Investment Plan) and lump ...
A chit fund is a type of rotating savings and credit association system practiced in India, Bangladesh, Sri Lanka, Pakistan and other Asian countries. [ 1] Chit fund schemes may be organized by financial institutions, or informally among friends, relatives, or neighbours. In some variations of chit funds, the savings are for a specific purpose.
The Rajiv Gandhi Equity Savings Scheme (commonly referred to as RGESS ), was a tax saving scheme announced in the 2012-2013 Union Budget of India, [1] aimed at first time retail investors. Named after Rajiv Gandhi, the sixth Prime Minister of India, the scheme was announced by the finance minister, P. Chidambaram, on 21 September 2012. [2]