Public Provident Fund In RED

The PPF is one of the best indicators of household savings trends. It is also the most robust long-term savings instrument in the economy with a 15-year tenure; its ease of liquidity, unlike term insurance plans, makes it a favorite with the middle class.

However it isn’t only mutual funds and non-banking financial companies that are facing redemption pressure. The government-run Public Provident Fund (PPF)—the single-largest fixed-income scheme in the country—has also suddenly registered a spurt in withdrawals. PPF deposits have shrunk by over Rs 6,700 crore in September alone. Contrast this with the deposit inflow of Rs 5,072.39 crore for the first five months of this fiscal.

Read more

If you enjoyed this post, make sure you subscribe to my RSS feed!

Check out these posts:
Author: Austin Comments: 0 comments Date: 8 Nov 2008
Categories: Saving Money Tags: , ,
Name (Req)

E-mail (Req)

URI

Message
CommentLuv Enabled

Powered by WP Hashcash