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Govt Schemes

15 Topics 30 Posts

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  • 2 Topics
    7 Posts
    R

    As an NRI, you can not open a new PPF account. But if you had already opened your PPF account when you were an Indian resident, you can continue investing in it until its maturity. You can deposit up to ₹1.5 lakh per year, and withdrawals are allowed as per PPF rules.
    And once your PPF account completes 15 years, you cannot extend it further. Extensions beyond 15 years are not allowed for NRIs.

  • 4 Topics
    7 Posts
    R

    No, you cannot directly link your daughter's NPS account to yours, as each account receives a unique PRAN number.

    But you can establish a separate NPS account for her as a minor under the "NPS Vatsalya" scheme and oversee it until she reaches adulthood.

  • 1 Topics
    2 Posts
    R

    For so many, SGBs have proven to be a beneficial investments. This is a long run investment, and they give a consistent return and good protection against inflation. You can combine SGBs as a part of a diversified portfolio.

    I have not invested in SGBs yet, but I would invest a moderate portion, around 10% of my investment portfolio.

  • 3 Topics
    5 Posts
    R

    T-bills are government debt for under a year, sold cheaper than their value, with no regular interest. Long-term government bonds mature after a year and provide periodic interest payments. Typically, longer bonds offer higher returns due to increased risk over time.

    Choosing between them depends on your needs. T-bills are safe for short-term savings. Long-term bonds suit those wanting regular income over a longer period while accepting more potential risk.

  • 4 Topics
    6 Posts
    R

    For a student, here are some government-backed schemes suitable for you:

    PPF is a secure and long-term investment scheme that gives you a 7.1% interest rate. You can start investing with ₹500 up to ₹1.5 lakh annually. It gives you tax benefits also.

    RD is also another suitable option for savings; it gives you a 7-8% interest rate annually.

    These schemes are extremely secure and provide returns in the end; there is no risk involved. But if you can handle some risk, then Mutual funds are also a suitable option. You will get good returns, but there is some risk factor involved.