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PPF ACCOUNT CHANGES IN BUDGET 2020Below changes have come into effect as per PPF Scheme 2019:
a) Number of deposits has now increased from 12 to infinite (in multiples of INR 50), total yearly limit stays the same (1.5 lacs)
b) Premature withdrawal now allowed in case of medical emergency or funding higher education, at the cost of 1% reduction in interest on the acrued capital
c) In case one take loan against PPF amount, you would need to pay an additional 1% interest on what PPF is paying you. As per current scenario, it will come as 8.9% (7.9+1) which is the chapest loan one can get across the market.
These changes will definitely make it more appealing to conservative, less risky investors.
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THESE STOCKS WERE RUINED THE WEALTH OF INVESTORS
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- Bank Buy at 90 Target 96
- Tata Motors Intraday Buy at 194.50
- Buy Bank Nifty Call 32000 at 47 Target 62
- Buy Reliance Industry 1551 Target 1565
- Buy L&T at 1313 Target 1325
Our Portfolio
SBI STRONG EARNING BUY AT 315 TARGET 355
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“Targeting best in class and possibly build ROI. Funneling user stories so that as an end result, we create a better customer experience.”
30TO40%RETURN
Short Term
Metal
