- Advertisement -
- Advertisement -
PPF Investment Alert: People have many investment options. Through these investment options, people can save a good amount and save a good amount. Among these, PPF scheme is also proving to be a better scheme.
PPF Scheme: People also invest money in Public Provident Fund (PPF) for investment. Through the PPF scheme, people are able to earn a good amount in the long term. Even if people want to save for a long time, the PPF scheme can provide a lot of benefits to the people. This scheme is also very special for employed people because there is a government guarantee in this investment scheme. However, people should also keep some special things in mind, so that they do not have to face any problem. Let us know about it…
- People are currently getting 7.1 percent interest through the PPF scheme. This interest is reviewed every three months. At the same time, the interest received in the PPF scheme is not fixed and the government can review and make changes in it.
- Through PPF scheme, people can invest a minimum of Rs 500 in a financial year. Whereas a maximum of Rs 1.5 lakh can be invested in a financial year. At the same time, people have to keep in mind that if even Rs 500 is not deposited in the PPF account in the financial year, then the PPF account will be stopped i.e. it will become dormant. In such a situation, you will have to pay a penalty to get your account reinstated. In such a situation, people should not make the mistake of not depositing Rs 500.
- People can also save tax through PPF scheme and can get a rebate of Rs 1.5 lakh by using 80C while filing income tax return.
- Through PPF scheme, people can invest in the scheme for 15 years. People will get the maturity amount only after 15 years. Whereas if a person wants to continue the PPF account even after 15 years, then he will have to continue the PPF account in a block of 5 years.
