PPF is a prominent choice for long-term debt investment, providing assured returns at comparatively higher interest rates along with income tax gain under section 80-C and tax-free maturity amount and interest. That being said, there is another similarly enticing investment opportunity promising higher interest that most individuals can't ignore.
In the section 80C category of financial instruments as stated in the Income Tax Act tax-saving FD with banks is one of the most common investment options for both regular investors and senior citizens. Many individuals use this investing method for tax-saving considerations since they are perceived as less risky relative to mutual funds, ELSS and so on.
On Saturday, fuel prices in India were raised to new all-time highs by state-owned oil marketers. Petrol prices per litre were up 25 paise to Rs 85.70 in New Delhi, Rs 87.11 in Kolkata, Rs 92.28 in Mumbai and Rs 88.29 in Chennai. Diesel prices per litre were also hiked by 25 paise to Rs 75.88 in New Delhi.
Gold prices for now are seeing high volatility and after having run sharply by over 20 percent in the year 2020 while there is expected upside it shall not be of the same order as in the previous year in 2021. On expectations of a higher US stimulus package and then increasing US yield, gold is seeing huge choppiness