PPF Scheme Latest Update: If you have also opened your PPF account, then on March 31, big money is going to come in your account. Let’s know about it in detail.
A big announcement has been made by the Central Government for PPF account holders. Those who invest money in Public Provident Fund will now get a big benefit from the government. Money is going to come in your account on 31st March.
Will get the benefit of interest
At this time, you get the benefit of interest at the rate of 7.1 percent in this scheme. The special thing is that in this you get the benefit of compound interest.
Finance Ministry gave information
Interest rates are fixed every year by the Ministry of Finance, which is paid on 31 March. That is, this time on March 31, money is going to come in your account from the government. Let us tell you that the interest is calculated on the 5th of every month.
Can start with Rs 500
Let us tell you that in this scheme a person can start with 500 rupees. At the same time, in the financial year, you can invest a maximum of Rs 1.5 lakh in it. Not only this, in PPF you also get the benefit of loan and partial withdrawal facility after a certain period.
Will get the benefit of tax exemption
You get the benefit of tax exemption on PPF. The interest received in this and the money received on completion of maturity, all three are completely tax free.
For how many years one has to invest
Investment in PPF has to be made for 15 years, but if you have invested money, you can withdraw it only after 6 years. Partial withdrawal facility is available in the PPF account, which can be availed from the 7th financial year.
