Public Provident Fund Scheme: Many schemes are being run by the Central Government for the general public. Now the country’s government bank PNB (PNB) has brought a special facility for the customers, in which you are going to get more benefits in the government scheme. Now those who invest money in Public Provident Fund (PPF Scheme) are getting a special gift. Punjab National Bank has given information about this by tweeting.
PNB tweeted
Punjab National Bank has written in its official tweet that now you will have savings as well as tax savings. Apart from this, the bank has said that from now on you do not need to go to the branch to deposit money in PPF, you can transfer funds online from home.
Savings bhi, tax mein bachat bhi in PPF account with PNB!
For more info,visit: https://t.co/uDOH5lNR87#Savings #PPF #Funds #Tax #DigitalBanking pic.twitter.com/VRtnQAEuGA
— Punjab National Bank (@pnbindia) August 5, 2023
Invest from Rs 500
You can start investing in Public Provident Fund Scheme with a minimum of Rs 500. You can open it from your nearest post office or bank anywhere. From January 1, 2023, the government is giving the benefit of interest at the rate of 7.1 percent in this scheme and the maturity of the PPF scheme is in 15 years.
You can increase
your investment for 5-5 years. In this scheme, account holders can apply to increase it in a block of 5-5 years. In this, he also gets the option of continuing the contribution or not.
You get the benefit of tax exemption
In PPF scheme, you also get the benefit of tax exemption. In this scheme, you can take advantage of tax exemption under section 80C. The amount earned through interest in this scheme is also tax free. After completion of 5 years in this scheme, you can also apply for a loan.
Visit the official link
For more information about the PPF scheme, you can visit the official link https://www.pnbindia.in/public-provident-fund.html . Here you will get all the information about PPF scheme.
