Category Archives: Seniors

Submitted by: Harshamaitra Maitra

Public Provident Fund is commonly known as PPF and this account can be opened anytime during the year. This plan is taken up by those who are looking for a long term investment plan. You get a fixed income security that is government guaranteed with yearly subscriptions as little as Rs.500. PPF is known to be one of the most safe investments in this nation. With a PPF account, you can actually earn interest on the interest earned on the money you have put in the account! PPF is more popular because not only is it a savings account but also a tax saving instrument.

The account for PPF can be opened by you in your name or on behalf of a minor for whom you are a guardian. You can open this account at designated post offices anywhere in the country, also the same can be done at branches of Public sector banks anywhere in the country. Deposits have to be made in this account in every financial year otherwise your account will be discontinued. However, you can activate the account again by payment of the minimum deposit of Rs.500 and the default Rs.50. You cannot close the PPF prematurely except in the case of death. Even your legal heir cannot continue the account. Prematurely withdrawing money is allowed after the 7th year to a limit of 50%. After that you can withdraw money every year. A rate of interest of 8% is compounded every year.

The tax deductions can be gotten under the section 80 C on the income tax act. The interest on the deposits made is totally tax free. The deposits are also exempt from wealth tax. Hence this account is very beneficial for small investors. There was a recent increase of the limit and an increase in the interest rates i.e. from the previous 8% to 8.6%. This has made the PPF account all the more popular. In fact with the increase in interest rates, the biggest beneficiary is PPF investors.

Also, you can now invest up to Rs.1 Lakh instead of the previous Rs.70, 000. Thus, you get an additional tax free interest of Rs.2,580. The minimum deposit amount is Rs.500. Suppose you invest a total of Rs.1 Lakh every year, you can build a tax free total of about thirty one lakhs over a period of 15 years. This, however, can take place only in case the interest rate does remain at 8.6%. Even if it does change, the corpus will still lie in the range of twenty nine lakhs and thirty two lakhs. You can also avail a deduction of income tax for Rs.30,000 if you invest One Lakh Rupees and fall under the 30% tax bracket.

Your deposits to the account can be in lump sums or in instalments. There can only be twelve instalments in a year though. You can also transfer your PPF account from one branch of a bank to another branch or from one post office to another. Also keep in mind that an NRI cannot open a PPF account.

About the Author: maitra is working as manger in Private bank. she helps customer by giving her suggestion. To Get More Information about Axis Bank Home Loan click on the link

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Submitted by: Johnray Daniels

The marketing field is now on its highest status. Almost every possible marketing avenue can now be found out there magazines, newspaper, dustbin, billboards you name it, everything is available. But with this enormous promotional or advertising media, it usually becomes very hard for businesses to attract their desired clients and customers to their business. Why? Perhaps because the medium is not appropriate or the message is poor. Whatever the reason is, the right marketing medium is important.

If all things fail and you still can t find the best marketing medium for your business, it does pay to go back to the traditional way of advertising products and services. There s nothing wrong with going old-school as long as the material is able to do its job effectively. One good example of this is the postcards.

Postcards are just one of the several advertising media that you can use to promote your business. These cards are very good in promoting businesses even in the early years. They are cheap and very easy to create especially if you utilize online postcard printing. To give you and idea on how to create an effective post card, below are some tips you can consider.

Size matters since there are wide options of post card sizes being offered by online printing companies, choosing the right size that will perfectly suit your business can be a difficult task. The size of your postcards nowadays usually comes in jumbo, large, mini postcards, and the standard post cards. Nowadays, most postcards users and business establishments use the jumbo postcard since of it very unique in size and will allow them to easily stand out among others. Aside from that, the jumbo sized postcards provide a larger space where you can put all of your business information and other add-ons such as pictures or images. However, if you want to save money, you might want to stick with standard sized or mini sized postcards as jumbo cards cost extra to print.

The quantity of postcards to be printed – aside from the size, the quantity of the postcards you need to print is a crucial factor to consider. It is a must to decide on the number of post cards you need printed before sending them to the postcard printing company. For example, if you want to reach a thousand clients and customers, then printing a thousand or more postcards is important. But be sure not to spend your whole budget on post cards alone since post cards are designed to lessen the cost of your promotional campaign, not to increase them.

The quality of paper stocks if you want to truly make your post cards good looking and effective in the market, ensure that you use quality and reliable paper stocks. There are different kinds of paper materials that you can use for your cards and each of these types has its own unique ability in making your postcards stand out among other postcards in the market. So, choose the right type of paper stock that will perfectly suit your business. And as much as possible choose the heavy duty paper stock to ensure your post cards don t crumple easily. You want them to reach your prospects in pristine condition, right? So, choose the paper stock carefully.

About the Author: For more information and inquiries about the article feel free to visit:

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