Nowadays everyone is worried about their future. Marriage, children’s education, retirement – a solid plan is necessary for all these. Post Office’s PPF scheme (Public Provident Fund) is the best option for you. This long term investment scheme not only gives you good returns, but also guarantees the safety of your money.
What is special about PPF?
Start with low investment: You can start investing in PPF with just Rs 500.
Maximum investment: You can invest up to Rs 1.5 lakh in a year.
Long term scheme: This scheme is for 15 years, which you can extend for another 5 years.
Tax exemption: You get tax exemption on investing in PPF.
Guaranteed return: In this scheme, you get guaranteed return, that is, there is no risk of your money sinking.
Benefit of compound interest: In PPF, you get the benefit of compound interest, due to which your money grows rapidly.
Where to open a PPF account?
You can open a PPF account in any government or private bank and post office.
How much interest is available in PPF?
Currently, the PPF scheme is getting an interest rate of 7.1%.
Benefits of investing in PPF
Secure future: By investing in PPF, you can secure your future.
Good returns: In this scheme, you get good returns, which increases your money.
Tax exemption: By investing in PPF, you get tax exemption, which saves you money.
Premature withdrawal: If you need to withdraw money early for any reason, then you can withdraw money after 5 years.
PPF: Answers to your questions
Question: Where can a PPF account be opened?
Answer: You can open this account in any government or private bank and post office.
Question: What is the minimum and maximum investment in PPF?
Answer: The minimum investment can be made up to Rs 500 and the maximum up to Rs 1.5 lakh per financial year.
Question: Is the interest on PPF tax free?
Answer: Yes, the interest on PPF scheme is completely tax free.
So what are you waiting for? Invest in PPF today and secure your future!