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TL;DR: You can now invest more than 1 lakh rupees on your PPF account , thanks to increased limit in 2014 budget . Earlier this limit was only 1 lakh but now it is raised to 1.5 lakh and so without doing any extra trick, as shown in this article, you can now invest more than one lakh in your personal public provident fund account. Read more »

Recently one of my readers asked me that he wants to invest some money on NRE fixed deposits but confused on whether to go for foreign banks like Citibank, DBS, Standard Chartered, Deutsche Bank or Indian banks like ICICI, Kotak, HDFC, SBI, Axis Bank or Union Bank? I asked him, whether he has any existing NRE saving account , he says he doesn't have any existing NRE saving account? Then I ask him what is more important for you? the interest rate or convenience? and his answer was the interest rate. Read more »

The Government of India has announced a new scheme called Atal Pension Yojana (APY).  The APY is a guaranteed pension scheme and is administered by the Pension Fund Regulatory and Development Authority (PFRDA), which also administer the NPS or National Pension Scheme.  But unlike NPS, where NRIs are also allowed to invest and open an account (see here ), Atal Pension Yojna is only for residents of India and that too for Indian citizens only. Read more »