PPF Scheme: Public Provident Fund (PPF) scheme is being run by the government. This scheme comes under the Central Government. On the other hand, if someone is looking for a safe investment for the long term, then investment can be made in this scheme. Along with this, people also get tax benefit on PPF scheme.
Many schemes are being run by the government for the benefit of the people. People get the benefit of these schemes on different occasions. At the same time, many schemes are being run by the government for investment. Through these schemes, people get a chance to make safe investments and also earn interest. And today we are going to tell you about one such scheme.
PPF scheme
Actually, the Public Provident Fund (PPF) scheme is being run by the government. This scheme comes under the Central Government. On the other hand, if someone is looking for a safe investment for the long term, then investment can be made in this scheme. Along with this, people also get tax benefit on PPF scheme.
Investment Amount
Under the PPF scheme, people can invest up to Rs 1.5 lakh every year. Along with this, this scheme runs for 15 years. This scheme matures only after 15 years and people get maturity amount along with interest on the amount invested. At the same time, under this scheme, people have to invest a minimum of Rs 500 every year.
Interest
People get interest in PPF scheme. On the other hand, one special thing about the PPF scheme is that the interest rate given on this scheme is reviewed every 3 months. On the other hand, if the central government feels it, then the interest rate can also be changed. At present, 7.1 percent interest is being given to the people by the government on this scheme.
