Lifestyle News
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.
The present interest rate offered in PPF scheme is 7.1 percent. It is a no risk investment that offers secured returns.
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.
In the sixth financial year of the PPF account, investors can opt to retrieve 50 percent of the investment amount.
You must remember to deposit the investment by the 5th of every month.
PPF account holders also get tax exemption under the 80C section of Income Tax Act.