Many schemes are being run by the central government for the benefit of the people. People are also getting a lot of benefits through these schemes. In these schemes, many schemes are also being made available to the people in terms of investment, saving and tax saving. These also include Public Provident Fund ie PPF scheme. People get a lot of benefits through the PPF scheme, but one thing should be kept in mind by all the people, otherwise the money can also get stuck.
The PPF scheme comes completely under the Central Government. Through this scheme, investors can invest a minimum of Rs 500 in a financial year. At the same time, investors can invest Rs 1.5 lakh through this scheme in a maximum of one financial year. Investors get interest on the money deposited in PPF account.
At present, compounding interest of 7.1 percent is being provided on an annual basis on the PPF scheme. At the same time, the interest received on PPF is reviewed every three months and changes are also possible in it. In such a situation, the interest received on PPF is not stable. At the same time, in order to save tax, money can be invested in this scheme. By investing money in this scheme, tax up to Rs 1.5 lakh can be saved in a financial year under Section 80C of the Income Tax Act.
However, whenever you start investing in this scheme, investors should keep one important thing in mind, otherwise the money may get stuck. Actually, the maturity of PPF account is 15 years. Money deposited in PPF account is available only after 15 years. In such a situation, if someone does not want to invest money in this scheme for a long period, then they should keep this in mind, otherwise the money may get stuck.
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