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Sanjeev Govila |282 Answers |Ask -Follow

Financial Planner - Answered on Sep 20, 2023

Asked by Anonymous - Sep 01, 2023Translate

Money

Is it mandatory to renew ppf every 5 years even though no contributions?

Ans: No, it is not mandatory to renew PPF every 5 years with no fresh contributions. After your PPF account matures after 15 years, you have three options:

• Extending PPF account without new deposits

• Extension of PFF account with fresh deposits

• Close the PPF account after 15 years

*Extend the account without fresh deposits - A PPF account holder can continue his/her account after maturity without making any further deposits. You can continue the account for as long as you wish. The PPF account will continue to earn interest rates applicable to the scheme.

Account holders can withdraw any amount from their account balance every year. But please note that once the account is continued without new deposits for more than a year, then the account holder does not get the option to continue again with deposits.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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Anil Rego |330 Answers |Ask -Follow

Financial Planner - Answered on Nov 18, 2021

Question by Rajan - Nov 18, 2021Translate

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Can I keep my PPF account active till lifetime to enjoy higher interests by investing small amounts and keeping the account active by extending it for five years every time post the initial 15 years initial period? Also, can I withdraw the interest accumulated yearly from my PPF account?

Ans: Yes, you can extend your PPF for a lifetime in a block of five years every time.

If you are continuing to make contributions after the extension of your PPF account beyond the first 15 years, you can withdraw upto a maximum of 60 per cent of the accumulated amount at the end of the previous renewal period.

Withdrawals are restricted to one per year.

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Sanjeev Govila |282 Answers |Ask -Follow

Financial Planner - Answered on Jul 23, 2023

Question by PROPRIETOR - Apr 06, 2023Translate

Money

How many times i can renew my PPF account after completion of 15 years

Ans: There is no limit on number of renewals as per current rules in vogue.

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Vivek Lala |162 Answers |Ask -Follow

Tax, MF Expert - Answered on Apr 17, 2023

Question by Anand - Apr 17, 2023Translate

Money

Hello - My question is similar to the one by Octavio. I am 62 years old and my PPF will be completing the extended 5 year block in March 2024. Can I continue the account without subscription and withdraw the interest deposited in my account every year and keep the principle in tact?

Ans: I would rather suggest something a little more liquid like a BAF fund of agressive hybrid fund where you can start with an swp of 5-6% every year in monthly mode as that will give you some exposure to equity markets and appreciation of capital after inflation effect.

(more)

Mihir Tanna |706 Answers |Ask -Follow

Tax Expert - Answered on Oct 23, 2023

Question by N - Oct 17, 2023Translate

Money

My PPF was opened in 1992 and still alive on extension after evwery 5 years.If I withdraw 60% of the available balance and reinvest in the same PPF in every year to claim income tax rebate on the reinvested amount.If it is possible then PPF will be more attractive.Thank you.

Ans: Yes, amount invested in PPF will be eligible for deduction u/s 80C.

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Samraat Jadhav |1063 Answers |Ask -Follow

Stock Market Expert - Answered on Nov 29, 2023

Question by sailen - Nov 29, 2023Translate

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can i buy unitech

Ans: NO

Disclaimer: Investments in securities are subject to market RISKS. Read all the related documents carefully before investing. Please consult your appointed/paid financial adviser before taking any decision. The securities quoted are for illustration only and are not recommendatory. Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

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R P Yadav |125 Answers |Ask -Follow

HR, Workspace Expert - Answered on Nov 29, 2023

Question by Yam - Oct 15, 2023Translate

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Sir/madam, I asked this this question many times regarding the placement of my son but unfortunately I did not get my question answered. My son is pursuing B. Tech program from UPES, Dehradun with AI. He is is 5th semester at present. Sir what is the scope of placement for this course from UPES? What will be the average CTC for a candidate in various corporates? Is there any opportunities of placement in government sector? Thanks,

Ans: Dear Yam,
Your son is at 5th semester of BTech from UPES in AI. There is a huge requirement of AI Professionals in the Private sector.
I am sure that the university is going to provide good placements for your son. You can contact the placement cell of the university for better understanding.

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R P Yadav |125 Answers |Ask -Follow

HR, Workspace Expert - Answered on Nov 29, 2023

Question by Sameer - Oct 01, 2023Translate

Career

Hi I m working In Life insurance company operations Executive 16 years. My qualifications is Graduation in Commerce. I want to learn additional qualification in new things, so that will help to look new opportunities in new field. I am working in MS Excel. Pls suggest.

Ans: Dear Sameer,
Since you have 16 years of experience already, you can upskill yourself by pursuing Executive MBA programs to improve your professional skills and employability.

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R P Yadav |125 Answers |Ask -Follow

HR, Workspace Expert - Answered on Nov 29, 2023

Question by Pardeep - Nov 23, 2023Translate

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Dear Sir, My daughter has just completed her BHMS degree and presently doing internship at Ludhiana. In addition to opening her own clinic and doing practice, what are the options in Govt and Private Sectors for earning her livelihood. Is there any scope for jobs in Govt Hospitals in Punjab and other North States ? Thanks, Pardeep Malhotra

Ans: Dear Pradeep,
BHMS is a good degree.
Nowadays, there is good requirement of Homeopath professionals in various IT companies as well as private hospitals which has homeopath sections.
The best thing would be if she starts her own practice, although initially it would be slow but in the long term it will be beneficial and rewarding.

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HR, Workspace Expert - Answered on Nov 29, 2023

Question by anjali - Jul 06, 2023Translate

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I have completed B. E. Civil in 2019.But yet I have no job. What can I do?

Ans: Dear Anjali,
There is a huge requirement of Civil Engineering professionals in the market due to the focus on Infrastructure and development by the government as well as huge development of housing projects.
You should keep trying through various job portals and job consultants to get a job soon.

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Samraat Jadhav |1063 Answers |Ask -Follow

Stock Market Expert - Answered on Nov 29, 2023

Question by Mamata Das - Nov 28, 2023Translate

Money

Hello Samraat ji, I request you to guide me on the following stocks. Awl - 161 @ 490 IEX - 250 @ 190 Motherson - 119 @ 112 Panaceabio - 43 @ 294 Amrutanjan - 50 @ 729 Bororenew - 87 @ 500 Sail - 170 @ 106 Vedl - 160 @ 277 Happiestminds - 50 @ 987 Wipro - 200 @ 471 Campus - 100 @ 315 Bodalchem - 100 @ 85 Sbi card - 29 @ 820 I want to get rid of bad stocks and declutter my portfolio. Please help. Thank you.

Ans: Following are the good stocks others plz exit
Amrutanjan, Sail, Happiestminds, Wipro, Campus and SBICard

Disclaimer: Investments in securities are subject to market RISKS. Read all the related documents carefully before investing. Please consult your appointed/paid financial adviser before taking any decision. The securities quoted are for illustration only and are not recommendatory. Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

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Stock Market Expert - Answered on Nov 29, 2023

Question by dinesh - Nov 29, 2023Translate

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I HAVE MCX SHARE 100@2800/- IS GOOD OFR LONG TERM

Ans: Company with No Debt
Increasing Revenue every quarter for the past 2 quarters
FII / FPI or Institutions increasing their shareholding
Good for Longterm

Disclaimer: Investments in securities are subject to market RISKS. Read all the related documents carefully before investing. Please consult your appointed/paid financial adviser before taking any decision. The securities quoted are for illustration only and are not recommendatory. Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

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Samraat Jadhav |1063 Answers |Ask -Follow

Stock Market Expert - Answered on Nov 29, 2023

Question by Mamata Das - Nov 28, 2023Translate

Money

Hello Samraat ji, I have 161 AWL shares @ 490. Do you recommend averaging it out now?

Ans: EXIT

Disclaimer: Investments in securities are subject to market RISKS. Read all the related documents carefully before investing. Please consult your appointed/paid financial adviser before taking any decision. The securities quoted are for illustration only and are not recommendatory. Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

(more)

Mihir Tanna |706 Answers |Ask -Follow

Tax Expert - Answered on Nov 28, 2023

Question by Podugu - Nov 18, 2023Translate

Money

My children’s fee/ year is around 7 to 8 lakh s Is it claimable , while filling tax returns

Ans: Tuition fee is deductible u/s 80C within overall limit of Rs.1,50,000

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Mihir Tanna |706 Answers |Ask -Follow

Tax Expert - Answered on Nov 28, 2023

Question by MOHAN - Nov 18, 2023Translate

Money

I am retired and have some investments in mutual fund. If I redeem funds for Rs 3 lacs, how much tax i have to pay and what is the basis of calculation. Thanks

Ans: Tax on redemption of mutual fund depends on holding period and type of scheme. Equity and debt scheme have different tax rate.

Short term gain from equity based schemes will be taxed @15%
Long term gain from equity based schemes will be taxed @10% above 1 lakh
Short term gain from debt based schemes will be taxed slab rate
Long term gain from debt based schemes will be taxed @20%

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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