#Public Provident Fund

[vvstockzone]

VV Stock Zone provides full coverage of the stock market, cryptocurrencies, commodities, mutual funds, economic opinions, IPO announcements, and more to help you stay on top in the world of finance.

[bricksnwallbusiness]

What is the Public Provident Fund Scheme?

All people can invest tax-free through the Public Provident Fund (PPF) savings plans. The government launched the program to promote people's investing and saving behaviours. The system was first announced on June 15, 1968, via GSR 1136. Since then, numerous changes have been made. A new scheme has now been announced by the government, according G.S.R. 915(E), dated December 12, 2019.

A ₹1,50,000 maximum deposit is allowed in a fiscal year, with a ₹500 minimum requirement.

From the third to the sixth fiscal year, a lending facility is offered.

Annual withdrawals are allowed starting with the seventh fiscal year.

After fifteen complete financial years have passed since the account's opening, it matures.

With new deposits, the account can be extended after maturity for an unlimited number of 5-year blocks.

Following maturity, interest can be accumulated at the current rate on an ongoing basis, provided no additional deposits are made.

There is no court ruling or decree that could lead to the attachment of the funds in the PPF account.

Under Income Tax Act Section 80-C, deposits are deductible.

Section 10 of the Income Tax Act exempts the interest earned in the account from income tax.

Overview of Public Provident Funds 

Eligibility for Public Provident Funds

Any authorized bank, post office, or nationalized bank may open PPF accounts. Form 1 must be submitted along with the necessary paperwork and the required minimum deposit in order to start a PPF account.

Can I open two PPF accounts? 

Under the PPF plan, a person is only allowed to register one account in his name. Furthermore, a person may register a single PPF account in the name of each juvenile or mentally ill person for whom he is the legal or natural guardian. It should be mentioned that any guardian of a kid or someone mentally ill may only open one account in their name. It is not possible to open joint accounts under this scheme 

Repercussions for not making the required minimum payment into the account

The account will be deemed cancelled if the depositor does not make the required number of deposits in the subsequent years. However, if the minimum yearly deposit of Rs. 500 is paid for each year of default, together with a penalty of Rs. 50 for each year of default, the account can be reopened during its maturity period. The amount that the investor deposits in the account will not be increased by the amount of the fee.

The account holder will only be permitted to open a new account following the account's closure upon maturity if their PPF account is deemed abandoned. Additionally, the facility for loans and partial withdrawals shall not be available. 

The amount in the closed account will still accrue interest at the rate that is periodically relevant to the scheme, even if it is not reopened.

PPF Withdrawal Guidelines

When is it possible to withdraw money?

Only five years from the end of the year the account was opened may money be taken out of the PPF account prior to maturity. If a juvenile or someone mentally incompetent opens the account, withdrawals can be made whenever it's convenient for them, as long as they're still alive.

Maximum amount that can be taken out

A maximum of 50% of the balance in the account's credit at the end of the year immediately prior to the withdrawal or at the end of the previous year, whichever is smaller, may be taken from the PPF account.

If the account has received deposits after maturing, the total amount of withdrawals made throughout the five-year block period cannot exceed 60% of the credit balance at the beginning of the block period. One may choose to make this withdrawal in one lump sum payment or in yearly installments. However, no more withdrawals will be permitted if the account user decides to keep the account open without making any more deposits.

How Can I Take Out My PPF Amount?

The Form 2 application must be submitted. On the other hand, the guardian must provide a certificate if the withdrawal is made from the account on behalf of a minor or someone who is not of sound mind.

Additional circumstances

Before submitting an application for such a withdrawal, the account holder must refund any outstanding debt, including interest, if any has been acquired against the account;

The withdrawal option is only accessible once a year; withdrawals cannot be performed from accounts that have been closed or from account extensions in which the account holder chooses not to make any more deposits.

Is it possible for a Non-Resident to open a PPF account?

It was forbidden for non-residents to invest in the PPF under the prior structure. Nothing in the new plan forbids non-residents from doing anything. Therefore, anyone can choose to use this program, resident or not.

However, in order to open an account under the plan, the applicant needs to submit Form 1, which certifies that they are an Indian citizen living in the country. It is uncertain if Section 2(v)/2(w) of the FEMA Act or Section 6 of the Income-tax Act will be used to determine this residential status.

Therefore, the applicant will not be permitted to sign such a declaration if he is a foreign national or a non-resident of India (as defined by both Acts). Therefore, Form 1 will prevent a non-resident citizen from signing and submitting the application in Form 1, even when the scheme's limitation has been removed. Unlike the previous scheme, if the account holder becomes a non-resident at any point after choosing it, he will not have to cancel the accounts and only need to submit a declaration to an accounts officer stating his change in residency.

[personalskill]

Know the PPF Withdrawal Rules Online in India | HDFC Bank To Withdrawal money from your PPF account, there are specific rules & streamlined processes by which you can remove your money partially or in whole. Check Now - https://www.hdfcbank.com/personal/save/accounts/public-provident-fund

[banglakhobor]

PPF-এর এই ৭ অসুবিধার কথা জানেন? বিনিয়োগের আগে খেয়াল না রাখলে ভুগতে হবে!

কলকাতা: পাবলিক প্রভিডেন্ট ফান্ড সরকার সমর্থিত দীর্ঘমেয়াদি বিনিয়োগ প্রকল্প। ট্যাক্স সুবিধা এবং নিশ্চিত রিটার্নের কারণেই এর জনপ্রিয়তা। তবে পাবলিক প্রভিডেন্ট ফান্ডের কিছু অসুবিধাও রয়েছে। বিনিয়োগের আগে তাই সচেতন হওয়া উচিত। লক ইন পিরিয়ড: পিপিএফ-এর সবচেয়ে বড় অসুবিধা হল ১৫ বছরের লক ইন পিরিয়ড। অর্থাৎ ১৫ বছরের আগে স্কিম থেকে টাকা তোলা যাবে না। বিশেষ কিছু ক্ষেত্রে ছাড় রয়েছে। যেমন অ্যাকাউন্ট হোল্ডারের…

[pallavirajput74]

Smart Investment Choices: Exploring India's Top 5 Secure and Stable Returns

[lacnunga]

In the wake of the IA situation, I've seen a lot more posts circulating about using your local library and I just. Sigh

[thepoisonroom]

apologies if this is a dumb question and i won't be offended at all if you dont answer/dont know but since you've worked in libraries before i was curious if you knew how to let your library know you're interested in an audiobook they haven't purchased ? i know i used to be able to make requests on overdrive but since the switch to libby i haven't been able to figure it out. i hope youre having a lovely day whether you can help or not and appreciate you taking the time to read all this 💛

sorry for the late reply, i haven't been online much and just saw this! most public libraries will have a form on their website called something like "purchase request" or "suggest a title" that you can use to request things! people often think this is only for books, but most places will let you request audiobooks, DVDs, etc. librarians won't always add the things you request to the collection, and they often can't explain every decision in detail due to volume, so results may vary.

the one thing to be mindful of is that audiobook/ebook licensing can be really weird, and sometimes publishers do make it really difficult or impossible for libraries to license certain items! so if your library doesn't get something you ask for, that sucks and is disappointing, but please don't hesitate to keep sending in requests as you have them! that info is always super helpful for collections folks looking to add things to the library that they think you'll want and use!

[rgbwings]

Yeah, but him cloning his dead dog 5 times isn't as bad as him insisting that the dog told him to become the president from the grave.

[lupismaris]

If anyone has a spare thought/fuck to give please toss it my way I'm treading the delicate path of sorting out the possible (absolutely likely) fuck ups of a former colleague and explaining to their supervisor that they allowed said fuck ups to continue for far longer than they needed to all for the sake of not wanting to ask questions

[protego-et-servio]

Kids and Screens

I saw someone complaining about kids being on screens a lot and, honestly, I wonder how much these people realize that screens aren't an awful replacement for toys.

I'm not saying completely replace toys for screens, but screens aren't totally without imagination or socialization.

First off, many kids we see right now had to go through 2-3 years of online learning thanks to Covid. They also had to learn to socialize through online meeting and messenger apps.

I know, because my youngest is super extroverted. Covid was hard for them. They did - and still do - talk with friends over messengers or Zooms. They really enjoy playing Roblox and video chatting with friends.

Secondly, lots of apps inspire imagination. There's so many games that are basically digital dolls and in many cases they're more accessible for poorer kids. Like I had Barbies, but I only had a few outfits for them since they were expensive.

My kid has tons of apps with dolls and a mind-boggling assortment of clothes. They're always making up stories for the dolls and likes when they can make houses.

Thirdly, kids have access to other stuff than games on tablets and phones. Ebooks, audiobooks, drawing apps, writing apps. The Internet is literally at their fingertips and they have tons of resources to learn.

Yeah, we don't know the effects of kids growing up with screens as an innate part of their life AND there's definitely a need for balance. And there can be something said about corporations wanting to get kids hooked on electronics.

But

You don't know what a family's balance is from one snapshot of one day of their life.

As parents (from a US perspective, since that's my experience,) we are navigating plagues, climate change, political upheaval, growing class divide, public schools becoming defunded, economic inflation, daily shootings, and - if we or our children are of a marginalized group - targeted political attacks, and more.

Parents are tired and kids are getting such the shit-end of the stick in this world.

I'm not going to fault them for finding an escape in online games, media, writing, or digital art.

[junadeo]

YES!!

decriminalize:

sex work

addiction

criminalize: 

golf

[asgardian--angels]

Planet's Fucked: What Can You Do To Help? (Long Post)

Since nobody is talking about the existential threat to the climate and the environment a second Trump term/Republican government control will cause, which to me supersedes literally every other issue, I wanted to just say my two cents, and some things you can do to help. I am a conservation biologist, whose field was hit substantially by the first Trump presidency. I study wild bees, birds, and plants.

In case anyone forgot what he did last time, he gagged scientists' ability to talk about climate change, he tried zeroing budgets for agencies like the NOAA, he attempted to gut protections in the Endangered Species Act (mainly by redefining 'take' in a way that would allow corporations to destroy habitat of imperiled species with no ramifications), he tried to do the same for the Migratory Bird Treaty Act (the law that offers official protection for native non-game birds), he sought to expand oil and coal extraction from federal protected lands, he shrunk the size of multiple national preserves, HE PULLED US OUT OF THE PARIS CLIMATE AGREEMENT, and more.

We are at a crucial tipping point in being able to slow the pace of climate change, where we decide what emissions scenario we will operate at, with existential consequences for both the environment and people. We are also in the middle of the Sixth Mass Extinction, with the rate of species extinctions far surpassing background rates due completely to human actions. What we do now will determine the fate of the environment for hundreds or thousands of years - from our ability to grow key food crops (goodbye corn belt! I hated you anyway but), to the pressure on coastal communities that will face the brunt of sea level rise and intensifying extreme weather events, to desertification, ocean acidification, wildfires, melting permafrost (yay, outbreaks of deadly frozen viruses!), and a breaking down of ecosystems and ecosystem services due to continued habitat loss and species declines, especially insect declines. The fact that the environment is clearly a low priority issue despite the very real existential threat to so many people, is beyond my ability to understand. I do partly blame the public education system for offering no mandatory environmental science curriculum or any at all in most places. What it means is that it will take the support of everyone who does care to make any amount of difference in this steeply uphill battle.

There are not enough environmental scientists to solve these issues, not if public support is not on our side and the majority of the general public is either uninformed or actively hostile towards climate science (or any conservation science).

So what can you, my fellow Americans, do to help mitigate and minimize the inevitable damage that lay ahead?

I'm not going to tell you to recycle more or take shorter showers. I'll be honest, that stuff is a drop in the bucket. What does matter on the individual level is restoring and protecting habitat, reducing threats to at-risk species, reducing pesticide use, improving agricultural practices, and pushing for policy changes. Restoring CONNECTIVITY to our landscape - corridors of contiguous habitat - will make all the difference for wildlife to be able to survive a changing climate and continued human population expansion.

**Caveat that I work in the northeast with pollinators and birds so I cannot provide specific organizations for some topics, including climate change focused NGOs. Scientists on tumblr who specialize in other fields, please add your own recommended resources. **

We need two things: FUNDING and MANPOWER.

You may surprised to find that an insane amount of conservation work is carried out by volunteers. We don't ever have the funds to pay most of the people who want to help. If you really really care, consider going into a conservation-related field as a career. It's rewarding, passionate work.

At the national level, please support:

The Nature Conservancy

Xerces Society for Invertebrate Conservation

Cornell Lab of Ornithology (including eBird)

National Audubon Society

Federal Duck Stamps (you don't need to be a hunter to buy one!)

These first four work to acquire and restore critical habitat, change environmental policy, and educate the public. There is almost certainly a Nature Conservancy-owned property within driving distance of you. Xerces plays a very large role in pollinator conservation, including sustainable agriculture, native bee monitoring programs, and the Bee City/Bee Campus USA programs. The Lab of O is one of the world's leaders in bird research and conservation. Audubon focuses on bird conservation. You can get annual memberships to these organizations and receive cool swag and/or a subscription to their publications which are well worth it. You can also volunteer your time; we need thousands of volunteers to do everything from conducting wildlife surveys, invasive species removal, providing outreach programming, managing habitat/clearing trails, planting trees, you name it. Federal Duck Stamps are the major revenue for wetland conservation; hunters need to buy them to hunt waterfowl but anyone can get them to collect!

THERE ARE DEFINITELY MORE, but these are a start.

Additionally, any federal or local organizations that seek to provide support and relief to those affected by hurricanes, sea level rise, any form of coastal climate change...

At the regional level:

These are a list of topics that affect major regions of the United States. Since I do not work in most of these areas I don't feel confident recommending specific organizations, but please seek resources relating to these as they are likely major conservation issues near you.

PRAIRIE CONSERVATION & PRAIRIE POTHOLE WETLANDS

DRYING OF THE COLORADO RIVER (good overview video linked)

PROTECTION OF ESTUARIES AND SALTMARSH, ESPECIALLY IN THE DELAWARE BAY AND LONG ISLAND (and mangroves further south, everglades etc; this includes restoring LIVING SHORELINES instead of concrete storm walls; also check out the likely-soon extinction of saltmarsh sparrows)

UNDAMMING MAJOR RIVERS (not just the Colorado; restoring salmon runs, restoring historic floodplains)

NATIVE POLLINATOR DECLINES (NOT honeybees. for fuck's sake. honeybees are non-native domesticated animals. don't you DARE get honeybee hives to 'save the bees')

WILDLIFE ALONG THE SOUTHERN BORDER (support the Mission Butterfly Center!)

INVASIVE PLANT AND ANIMAL SPECIES (this is everywhere but the specifics will differ regionally, dear lord please help Hawaii)

LOSS OF WETLANDS NATIONWIDE (some states have lost over 90% of their wetlands, I'm looking at you California, Ohio, Illinois)

INDUSTRIAL AGRICULTURE, esp in the CORN BELT and CALIFORNIA - this is an issue much bigger than each of us, but we can work incrementally to promote sustainable practices and create habitat in farmland-dominated areas. Support small, local farms, especially those that use soil regenerative practices, no-till agriculture, no pesticides/Integrated Pest Management/no neonicotinoids/at least non-persistent pesticides. We need more farmers enrolling in NRCS programs to put farmland in temporary or permanent wetland easements, or to rent the land for a 30-year solar farm cycle. We've lost over 99% of our prairies to corn and soybeans. Let's not make it 100%.

INDIGENOUS LAND-BACK EFFORTS/INDIGENOUS LAND MANAGEMENT/TEK (adding this because there have been increasing efforts not just for reparations but to also allow indigenous communities to steward and manage lands either fully independently or alongside western science, and it would have great benefits for both people and the land; I know others on here could speak much more on this. Please platform indigenous voices)

HARMFUL ALGAL BLOOMS (get your neighbors to stop dumping fertilizers on their lawn next to lakes, reduce agricultural runoff)

OCEAN PLASTIC (it's not straws, it's mostly commercial fishing line/trawling equipment and microplastics)

A lot of these are interconnected. And of course not a complete list.

At the state and local level:

You probably have the most power to make change at the local level!

Support or volunteer at your local nature centers, local/state land conservancy non-profits (find out who owns&manages the preserves you like to hike at!), state fish & game dept/non-game program, local Audubon chapters (they do a LOT). Participate in a Christmas Bird Count!

Join local garden clubs, which install and maintain town plantings - encourage them to use NATIVE plants. Join a community garden!

Get your college campus or city/town certified in the Bee Campus USA/Bee City USA programs from the Xerces Society

Check out your state's official plant nursery, forest society, natural heritage program, anything that you could become a member of, get plants from, or volunteer at.

Volunteer to be part of your town's conservation commission, which makes decisions about land management and funding

Attend classes or volunteer with your land grant university's cooperative extension (including master gardener programs)

Literally any volunteer effort aimed at improving the local environment, whether that's picking up litter, pulling invasive plants, installing a local garden, planting trees in a city park, ANYTHING. make a positive change in your own sphere. learn the local issues affecting your nearby ecosystems. I guarantee some lake or river nearby is polluted

MAKE HABITAT IN YOUR COMMUNITY. Biggest thing you can do. Use plants native to your area in your yard or garden. Ditch your lawn. Don't use pesticides (including mosquito spraying, tick spraying, Roundup, etc). Don't use fertilizers that will run off into drinking water. Leave the leaves in your yard. Get your school/college to plant native gardens. Plant native trees (most trees planted in yards are not native). Remove invasive plants in your yard.

On this last point, HERE ARE EASY ONLINE RESOURCES TO FIND NATIVE PLANTS and LEARN ABOUT NATIVE GARDENING:

Xerces Society Pollinator Conservation Resource Center

Pollinator Pathway

Audubon Native Plant Finder

Homegrown National Park (and Doug Tallamy's other books)

National Wildlife Federation Native Plant Finder (clunky but somewhat helpful)

Heather Holm (for prairie/midwest/northeast)

MonarchGard w/ Benjamin Vogt (for prairie/midwest)

Native Plant Trust (northeast & mid-atlantic)

Grow Native Massachusetts (northeast)

Habitat Gardening in Central New York (northeast)

There are many more - I'm not familiar with resources for western states. Print books are your biggest friend. Happy to provide a list of those.

Lastly, you can help scientists monitor species using citizen science. Contribute to iNaturalist, eBird, Bumblebee Watch, or any number of more geographically or taxonomically targeted programs (for instance, our state has a butterfly census carried out by citizen volunteers).

In short? Get curious, get educated, get involved. Notice your local nature, find out how it's threatened, and find out who's working to protect it that you can help with. The health of the planet, including our resilience to climate change, is determined by small local efforts to maintain and restore habitat. That is how we survive this. When government funding won't come, when we're beat back at every turn trying to get policy changed, it comes down to each individual person creating a safe refuge for nature.

Thanks for reading this far. Please feel free to add your own credible resources and organizations.

[truedatafinancialpvtltd]

Public Provident Fund (PPF) | Eligibility, Features, and Benefits

PPF stands for Public Provident Fund and is a popular long-term savings scheme backed by the Government of India. This scheme is available for all the citizens of the country and provides them with retirement benefits by offering regular interest payments along with tax benefits. This makes PPF a favoured investment option for citizens across the country. The money invested in a PPF account is also eligible for tax deduction under section 80C of the Income Tax Act up to Rs. 1,50,000. A PPF account comes with a lock-in period of 15 years, however, investors are allowed to make partial withdrawals too after a certain time period. The corpus received after the maturity of the PPF account is also tax-free in the hands of the investors.

Read Full Blog Post: What is PPF (Public Provident Fund)?

[nighthawkes]

crazy how nobody’s reaction to a store saying they don’t have a bathroom is never “hmm, maybe anti-homeless infrastructure is unethical and also bad for everybody”