Public Provident Fund Scheme Update: PPF facility is provided to the customers by the Central Government. If you have also invested money in PPF Scheme or are planning to invest in the next financial scheme, then there is good news for you. Let’s know the complete details about it.
PPF facility is provided to the customers by the Central Government. If you have also invested money in PPF Scheme or are planning to invest in the next financial scheme, then there is good news for you. Good news is coming out from the Central Government regarding the Public Provident Fund Scheme. You are getting many benefits in this scheme.
Invest money before March 31
If you also want to save tax before March 31, then you have to invest before March 5. This is because if you invest in PPF between 1 to 5, then you get the interest for that month.
Apart from this, if you invest money elsewhere, then you should invest before the 5th. Let us tell you how savings can be made by investing. How can you save by investing in PPF?
What are the rules for investing in Public Provident Fund PPF?
This is especially for employed people. You can invest in PPF before 5th of every month. In this scheme, you also get interest of up to 7.1 percent. In this scheme, after calculating your deposit money, money is deposited in the account on the last date of the month and if you want the money to remain in your account on the last date of the month, then for that you have to deposit money in the account before 5th. If you can deposit money after 5, then you can be at a loss.
Some special things about PPF scheme-
You can invest in this scheme for up to 15 years.
You also get up to 7.1 percent interest in this.
In this, you get tax exemption of up to 1.50 lakhs.
Account can be opened anywhere
If you also want to open a PPF account, then you can open it anywhere in the bank or post office. Under 80C, you also get the benefit of tax exemption from the government. You can start PPF account from the month of April. Through this, you get the benefit of good interest along with tax rebate.
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