PPF regulation Last update: If you are a PPF account holder, this is good news for you. Actually, you get a great advantage by opening a PPF account. Your happiness will know no bounds after knowing about this benefit. The government itself has provided information about this. Let’s know.
Benefit of bumper interest is available in PPF scheme
Let us tell you that the PPF scheme was started in 1968 by the National Savings Institute of the Treasury Department. Investors get huge benefits by investing in it. Interest is currently paid in this scheme at the rate of 7.10 percent. Interest is determined quarterly.
Increases the tenure of the PPF account
If you no longer want to withdraw money after 15 years, you can extend the PPF account.
These benefits are available at maturity
- When your account expires, you have the option to close the account completely and withdraw the full amount.
- After that, if you want your second option, don’t close the account and after the expiration date you can renew it for 5 years.
- Once the PPF account expires, you can renew the tenure with new deposits.
You can invest so much money
You can invest as low as Rs 500 in PPF. At the same time, you can invest up to Rs 1.5 lakh. You will also be exempt from tax on this.
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