PPF Scheme Latest Update: Many such schemes are run by the Central Government, under which you get a big benefit. The government has now given a lot of information about the PPF scheme.
If you invest in PPF (Public Provident Fund), Sukanya Samriddhi Yojana or such schemes, then the government keeps on making some changes from time to time. If you also do not keep updated with the rules applicable to them, then know how much loss can be caused to you. Let us tell you what changes have taken place in PPF schemes.
You can start investing with a small amount.
You can also take advantage of the savings schemes of the government with less money. Your money remains safe in these schemes. You can deposit money up to 1.50 lakh in these. The government has reduced the interest rate of PPF to 7.10 percent.
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.
How to take loan on PPF account
You can easily get loan on PPF account. You get a loan of only 25% of the money in your PPF account.
