PPF Scheme: In the new year, many people start the year with new expectations. At the same time, people have high expectations about finance in the new year. In the new year, people decide new financial goals, Taki can increase their earnings or boost savings. In such a situation, investment and savings can also be made by investing in new scheme in new year. Also tax will be saved. Today we are going to tell you about a similar scheme in which investment can be made in the new year.
Actually, the scheme we are talking about is named Public Provident Fund ie PPF. Amount can also be invested in this scheme every year on its own. PPF is a long-term investment, which is matured after 15 years. Money has to be invested in this scheme for 15 years.
Investment in PPF Scheme
At the same time, the minimum in this scheme is to deposit 500 rupees 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, every eligible Indian citizen can open an account through this scheme. At the same time, it is very important to deposit the minimum balance in this account in every financial year, otherwise it can also affect the account and the interest received.
Interest in PPF
Also, even after 15 years of maturity period in PPF, if it wants to be carried forward, it can be increased by 5-5 years. At present, interest is gained in this scheme at the rate of 7.1 per cent. Also, there is a tax exemption on maturity amount and interest money in this scheme.