A day ahead of Lok Sabha polls announcement, the government today decided to hike interest rates on fixed deposit schemes offered by post offices by up to 0.2 per cent.
'Decide on an asset allocation you are comfortable with and stick to it for the long term.'
Getting locked into instruments before the new regime kicks in would be a good strategy.
Finance ministry maintains that all KYC requirements will be followed.
Investors must remember that only resident Indians can open a PPF account and a person can have only one PPF account.
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