Many people in the country want to invest their savings money in some good place. However, due to a lack of information, these people do not invest their savings in the right place. If you want to invest your savings money in a good place and get good returns on it. In such a situation, PPF can prove to be a good option for you. You are also getting many great benefits by investing in this scheme. At present, by investing in this scheme, you are getting an interest rate of 7.1 percent. You can invest in PPF i.e. Public Provident Fund Scheme for a maximum of 15 years. If you want to invest for the long term. In such a situation, this scheme can prove to be a good option for you. In this episode, let us know in detail about this scheme –
The minimum investment amount in the Public Provident Fund scheme is Rs 500. At the same time, a maximum of Rs 1.5 lakh can be invested in this scheme. The special thing about this scheme is that after investing 15 years, you also get a chance to increase the gap by 5 years.
The biggest advantage of investing in PPF is that you also get tax benefits under section 80C of Income Tax.
Apart from this, you can also withdraw money from PPF in an emergency. The PPF account holder can also take a loan against his PPF balance. You must be an Indian citizen to invest in this scheme.
If you want to open your account in this scheme. In such a situation, you can easily open your PPF account by visiting the nearest post office. Apart from this, you can also open your PPF account through national banks.
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