PPF Investment: Any Indian citizen can start investing in PPF scheme from Rs 500. At the same time, a maximum investment of up to Rs 1.5 lakh can be made in this scheme in a year. Along with this, currently 7.1 percent interest is being provided annually for Q4 FY 2022-23 in this scheme.
PPF Balance: Many types of schemes are running in the country in terms of investment. At the same time, many schemes related to investment are also being run by the government. One of these schemes, PPF scheme i.e. Public Provident Fund scheme is also included.
Through this scheme, people get a chance to invest money for the long term. However, people should also take care of many things regarding this scheme, otherwise they may have to face problems. Let us know about some special things related to PPF…
PPF Scheme Interest
Any Indian citizen can start investing in PPF scheme from Rs.500. At the same time, a maximum investment of up to Rs 1.5 lakh can be made in this scheme in a year. Along with this, currently 7.1 percent interest is being provided annually for Q4 FY 2022-23 in this scheme.
Maturity time
However, those who invest money in this scheme should keep in mind that the money gets blocked for 15 years in this scheme. Some amount can definitely be withdrawn in between, but in this scheme the maturity happens only after 15 years. In such a situation, if someone wants to invest in this scheme, then there should be information about the maturity period of 15 years.
Tax exemption
If you do not want to invest for a long time, then this scheme is not for such investors. In such a situation, whenever you invest money in this scheme, decide for yourself whether you are willing to invest for 15 years or not? Along with this, tax benefit is also available for investing in PPF scheme. Tax exemption can be availed from this scheme under section 80C of the Income Tax Act.
