PPF Scheme: Public Provident Fund (PPF) is a savings scheme in which investment can be made for 15 years. The maturity of the account will happen only after a period of 15 years. However, if someone has to withdraw the amount from the PPF account before maturity, then people also get this facility with certain conditions.
PPF Scheme Update: Many schemes are being run by the government for the benefit of the people. Investors also get a chance to invest in them. If an investor invests money in any government scheme in terms of investment, he can invest in Public Provident Fund. People get many benefits by investing money in this scheme. Also, investment can be made in this scheme for a long time.
PPF Scheme
Public Provident Fund (PPF) is a savings scheme in which investment can be made for 15 years. The maturity of the account will happen only after a period of 15 years. However, if someone has to withdraw the amount from the PPF account before maturity, then people also get this facility with certain conditions.
PPF Account
On the other hand, people get interest on their deposited money on PPF account. Guarantee is given by the government in this scheme, due to which the risk in this scheme is very less. At the same time, the interest rate given in this account is reviewed every three months and the interest rate can also be changed if needed.
PPF Interest
At present, interest is being provided on the basis of 7.1 per cent per annum in the PPF account. People can invest their money in this account and earn interest according to this rate at present. On the other hand, if the government changes the interest rate after review, then people will get interest on the basis of the changed interest rate.
PPF Maturity
With this, people will have to deposit at least Rs 500 and maximum Rs 1.5 lakh in a PPF account in a financial year. Only then the account will be able to run properly. If someone is unable to deposit even Rs 500 in a PPF account in a financial year, then the account will become dormant. At the same time, there is no tax on the money deposited in the PPF account and the money received on maturity.
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