Public Provident Fund: Amount can be invested in Public Provident Fund i.e. PPF every year according to your own. PPF is a long term investment, which matures after 15 years. Money has to be invested in this scheme for 15 years.
PPF Scheme: In the new year many people start the year with new hopes. At the same time, people have a lot of expectations regarding finance in the new year. In the new year, people decide new financial goals, so that they can also increase their income or can promote savings. In such a situation, investment and savings can be made even by investing money in a new scheme in the new year. Also tax can be saved. Today we are going to tell you about such a scheme in which investment can be made in the new year.
PPF scheme
Actually, the name of the scheme we are talking about is Public Provident Fund ie PPF. Amount can be invested in this scheme every year according to your own. PPF is a long term investment, which matures after 15 years. Money has to be invested in this scheme for 15 years.
Investment in PPF scheme
At the same time, in this scheme, a minimum of Rs 500 has to be deposited in a financial year. Apart from this, a maximum of Rs 1.5 lakh can be invested in this scheme in a financial year. At the same time, in this scheme, every eligible Indian citizen can open an account. At the same time, it is very important to deposit minimum balance in this account in every financial year, otherwise it can affect the account and the interest received.
Interest in PPF
Along with this, even after the maturity period of 15 years in PPF, if you want to extend it further, then it can be extended according to 5-5 years. At present, interest is earned at the rate of 7.1 percent in this scheme. Along with this, tax exemption is also available on maturity amount and interest money in this scheme.
