Central Government Scheme: Various schemes are run by the Central Government for the general public. PPF Scheme is one of those schemes, in which you get huge benefits by investing money. Now on March 31, money will be transferred from the government to your account.
PPF Scheme Latest Update: Various schemes are run by the Central Government for the general public. PPF Scheme is one of those schemes, in which you get huge benefits by investing money. There is no risk of sinking money with guaranteed returns in government schemes. Those who invest money in Public Provident Fund will now get a big benefit from the government. The government has issued a big update regarding this scheme.
How much will be the benefit of interest?
At this time, you get the benefit of interest at the rate of 7.1 percent in this scheme. The special thing is that in this you get the benefit of compound interest. Interest rates are fixed every year by the Ministry of Finance, which is paid on 31 March. That is, this time on March 31, money is going to come in your account from the government. Let us tell you that the interest is calculated on the 5th of every month.
Can start with Rs 500
Let us tell you that in this scheme a person can start with 500 rupees. At the same time, in the financial year, you can invest a maximum of Rs 1.5 lakh in it. Not only this, in PPF you also get the benefit of loan and partial withdrawal facility after a certain period.
Tax exemption on PPF
You get the benefit of tax exemption on PPF. The interest received in this and the money received on completion of maturity, all three are completely tax free.
Can I withdraw money in PPF midway?
Let us tell you that you have to invest in PPF for 15 years, but if you have invested money, you can withdraw it only after 6 years. Partial withdrawal facility is available in the PPF account, which can be availed from the 7th financial year.
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