PPF Investment: Many schemes are being run by the government. Many of these schemes also encourage people to save. PPF is also included in one of these schemes.
Public Provident Fund (PPF) encourages people to invest for a long time. By investing money through this scheme, a good return can also be achieved on it. PPF like all other small savings schemes including Senior Citizen Savings Scheme (SCSS), Sukanya Samriddhi Yojana and National Savings Certificate (NSC) was introduced by the government to encourage small savings and provide returns on them.
Since the PPF scheme comes under the Exempt-Exempt-Exempt (EEE) category of the tax policy, the principal amount, maturity amount as well as the interest earned are exempt from tax.
PPF Limit At the same time, a good news has also come to the fore for PPF account holders. In fact, in the suggestions sought before the budget 2023, the institutions have demanded to increase the limit of PPF and it has been demanded to increase it to three lakhs.
Explain that in the pre-budget memorandum submitted to the government, ICAI has demanded to increase the investment limit in PPF to Rs 3 lakh annually. PPF Investment Let us tell you that at present, investment can be made in PPF from a minimum investment of Rs 500 to lakhs of rupees. Actually, the maximum investment limit in PPF is currently Rs 1.5 lakh annually. In such a situation, now there has been a demand to increase this limit further.
