PPF Investment: Public Provident Fund (PPF) is a government scheme, due to which it is safe and you get the benefit of fixed interest on whatever amount you invest in it.
PPF Investment: Investors are worried due to the decline seen in the Indian stock market. This ongoing decline in the stock market is also affecting Mutual Fund investors, instead of profit, many funds are performing in the negative. That is, the money invested in them has decreased instead of increasing. Seeing the condition of the market, many investors want to invest their money in a safe investment.
If you also want to stay away from the risk of the stock market and are looking for such a safe investment, in which you get security as well as fixed return, then PPF (Public Provident Fund) can be a good option for you.
Benefit of fixed interest in PPF
Public Provident Fund (PPF) is a government scheme, due to which it is safe and you get the benefit of fixed interest on whatever amount you are investing in it. This scheme is quite popular among investors who do not want to take much risk. By investing in this scheme, you can also save your tax (Tax Saving Scheme).
How much maximum can you invest in a year?
Currently, there is a fixed interest rate on Public Provident Fund (PPF) 7.1 percent annual interest is being received. You can open your PPF account by going to any bank or post office in the country. Under this government scheme, a minimum of Rs 500 and a maximum of Rs 1.5 lakh can be invested annually (PPF investment). You can invest in this scheme as per your convenience in lump sum investment or in installments.
This much amount will be received on maturity
The Public Provident Fund (PPF) scheme matures in 15 years. If you invest Rs 1 lakh every year in this scheme, then on maturity (PPF Maturity Amount 2025), according to the current interest rate, you will get a total of Rs 27,12,139 with guarantee. This amount includes the Rs 15 lakh invested by you in 15 years, as well as fixed interest of Rs 12,12,139.
Every citizen of the country can take advantage of this government scheme. Let us tell you that you can also start investing in PPF in the name of your minor child. But remember that there can be only one PPF account in the name of a person.
You can extend PPF
If you want, you can also get PPF extended. To get this scheme extended, you have to apply one year before it matures. Let us tell you that PPF account is extended in blocks of 5-5 years and you can get extension in PPF as many times as you want.
EEE benefit on this scheme
PPF scheme comes under EEE (Exempt-Exempt-Exempt) category. That is, tax benefit is available on the investment made in PPF, the interest received on it and the maturity amount. You can also invest in this scheme to reduce your tax liability.
Most Read Articles:
- Indian Railways Rules: You can travel in another train with the same ticket if you miss the train? know what’s railway rule
- CBSE Board Exam Rule Changed: Big news for 10th students! CBSE Board made a big change in the exam pattern, know immediately
- Credit Card Link UPI: Link your credit card to UPI from home, know step-by-step guide
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
