Public Provident Fund Scheme: There are a large number of people in the country who choose such options for investment where there is no risk of any kind of market risk. In today’s era of global turmoil, investing in the stock market is quite risky.
At the same time, these days there is a period of ups and downs in mutual funds as well. Due to this, many people are preferring to invest in such places where there is no risk of any kind of market risk.
In this episode, today we are going to tell you about a very great scheme of the Government of India. The name of this scheme is Public Provident Fund Scheme. This scheme is very popular in the country. Many people invest in the Public Provident Fund Scheme. In this episode, let us know about the PPF scheme in detail -\
At present, you are getting an interest rate of 7.1 percent on investing in PPF scheme. You can invest in this scheme for a long time without any risk.
You can invest a minimum of Rs 500 annually in the Public Provident Fund scheme. The maximum investment amount limit has been fixed at Rs 1.5 lakh. If you invest a good amount in this scheme, then you can also get tax exemption under section 80C of Income Tax by investing here.
The maturity period of the PPF scheme is 15 years. However, after the maturity period of 15 years, you can invest in it further for five years each.
The PPF scheme also has a lock-in period of 5 years. You also get the facility of partial withdrawal in the PPF scheme. You can make partial withdrawal after investing for a few years.
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