PPF Scheme Update: Many types of investment schemes are going on in the country. One of these schemes is also the Public Provident Fund (PPF). Through PPF, investors can invest for a long period and earn good money.
At the same time, there are many benefits of PPF, which people are getting. Public Provident Fund (PPF) is a long term savings scheme supported by the Government of India. A PPF account gives you complete security along with attractive interest rates and tax free returns.
PPF account
An investment of Rs 500 can be made in a PPF account in a financial year. At the same time, a maximum investment of Rs 1.5 lakh can be made in this scheme in a financial year. Most experts still recommend investing in a PPF account as an important component of financial planning as it is one of the safest savings plan options. You can also use it as a savings tool for retirement planning.
Liquidity
It gives you the option of partial liquidity even though your PPF account has a lock-in period of 15 years. You can take advantage of this through partial withdrawals and loans. However, the availability of these loans and withdrawals is subject to certain conditions. At the same time, you can transfer your PPF account from one bank branch to another bank.
Public Provident fund
Whereas the PPF account is operated by the Central Government. There is a complete guarantee in this scheme of the central government. In such a situation, interest is also provided in this scheme by the Central Government. At present, interest is being given by the Central Government at the rate of 7.1 percent in this scheme, which is more than many other schemes. On the other hand, if there is a review of the interest rate in three months and the government can also change it if it wants.
