PPF Scheme: A secure investment scheme with 7.1 interest rate
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Investment
PPF Scheme is a great investment opportunity if you’re just embarking on your investment journey. The investment amount ranges from a minimum of Rs 500 to Rs 1.50 lakh.
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Interest rate
The present interest rate offered in PPF scheme is 7.1 percent. It is a no risk investment that offers secured returns.
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Duration
The duration of your first PPF account lasts for 15 years. Also, the investors can opt to take a loan from the PPF account after 3 years of opening the account.
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PPF account
In the sixth financial year of the PPF account, investors can opt to retrieve 50 percent of the investment amount.
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Investment
You must remember to deposit the investment by the 5th of every month.
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Tax exemption
PPF account holders also get tax exemption under the 80C section of Income Tax Act.