PPF Scheme Latest Update: There is big news for those investing money in the Public Provident Fund Scheme.
If you have also invested money in the PPF Update scheme or have a plan to invest, then now the Central Government has made a big change in the rules of this scheme. Many schemes are run by the government for the general public. The government keeps on making changes in government schemes from time to time. If you do not know about these new rules on time, then you may have to suffer a lot. Let us tell you that now what changes have been made by the government in the rules of PPF scheme.
You can invest in the scheme even with less rupees
If you have invested money in this scheme then there is good news for you. You can also take advantage of this scheme in less money. Your money is safe in such schemes. In this, the government is getting the benefit of 7.10 percent interest.
Money is deposited once a month, you can invest up to Rs 500 in PPF in at least 1 year, if you deposit up to Rs 1.5 lakh in PPF in 1 year, then you get the benefit of tax exemption. So you can deposit money in this every month
Account will not be closed even after 15 years, investment in it gets closed after 15 years. But if you want to invest more in this, then you can invest in this scheme even after 15 years, but then you can withdraw the money only once in 1 year.
How to open account
You have to submit Form-1 to open PPF account. If you want to invest even after 15 years, then you have to apply in Form-4.
Getting the benefit of loan
You can easily get loan on PPF account. You get a loan of only 25% of the money in your PPF account.
