Public Provident Fund news: How to revive inactive PPF account? Here s a stepwise guide
To revive your PPF account, the bank or post office charges a penalty of Rs 50 for each financial year in which the account was in an inactive state. File photo
Updated: Apr 29, 2021, 07:30 AM IST
Public Provident Fund (PPF) is an old way of saving and is especially popular among the salaried class. The PPF scheme is a very useful scheme for the common people. At present, it pays 7.1% per annum interest, which is much higher than fixed deposits at banks. PPF has more interest than other tax saving schemes such as 5 years FD, National Saving Certificate and Time Deposit Scheme. In such a situation, by investing in it, you can save tax as well as earn more returns. So if your PPF account has been closed for some reason, the process of restarting it is very easy.
SouthState Corporation Reports First Quarter 2021 Results and Declares Quarterly Cash Dividend
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WINTER HAVEN, Fla., April 28, 2021 /PRNewswire/ SouthState Corporation (NASDAQ: SSB) today released its unaudited results of operations and other financial information for the three-month period ended March 31, 2021.
The Company reported consolidated net income of $2.06 per diluted common share for the three months ended March 31, 2021, compared to $1.21 per diluted common share for the three months ended December 31, 2020, and compared to $0.71 per diluted common share one year ago.
Adjusted net income (non-GAAP) totaled $2.17 per diluted share for the three months ended March 31, 2021, compared to $1.44 per diluted share, in the fourth quarter of 2020, and compared to $0.82 per diluted share one year ago. Adjusted net income in the first quarter of 2021 excludes $7.8 million of merger-related and branch closure costs (af
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SACRAMENTO, Calif. and VISALIA, Calif., April 26, 2021 /PRNewswire/ Suncrest Bank (OTCQX: SBKK) today reported unaudited financial results for the first quarter of 2021. Our momentum coming out of 2020 has continued through Q1 and the bank has posted another outstanding quarter in both earnings and balance sheet growth, said Ciaran McMullan, President and CEO of Suncrest Bank. Earnings per share increased by 40% over the same quarter last year and our organic loan and deposit growth was extremely strong. Total loans, excluding PPP, increased at an annualized rate of 11% and total deposits increased by over 27% annualized, McMullan added.
Post Office schemes: Check interest rates and tax benefits on saving schemes
All the post office investment schemes are tax-exempt under Section 80C, i.e. tax exemption up to Rs. 1,50,000 is allowed. (Image Source: File Photo)
Updated: Apr 27, 2021, 12:42 PM IST
If you are thinking of investing in risk-free saving schemes then here s your chance to do some investments. Post Office Investments include a number of saving schemes that provide a high rate of interest as well as tax benefits and most importantly, carry the sovereign guarantee of the Indian Government.
Among the Post Office schemes, National Small Savings Schemes are very popular. In these small savings schemes, people make moderate investment and get assured returns. The interest rates on small savings schemes are decided by the Union Ministry of Finance.
Suncrest Bank Reports First Quarter Earnings. EPS increase of 40% and annualized non-PPP loan growth of 11%. prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.