Central Government Scheme: Many such schemes are run by the Central Government, under which you get a big benefit. The government has now given a lot of information about the PPF scheme. Let’s know the complete details about it.
Many such schemes are run by the Central Government, under which you get a big benefit. The government has now given a lot of information about the PPF scheme.
If you invest in PPF (Public Provident Fund), Sukanya Samriddhi Yojana or such schemes, then the government keeps on making some changes from time to time. If you also do not keep updated with the rules applicable to them, then know how much loss can be caused to you. Let us tell you what changes have taken place in PPF schemes.
You can start investing with a small amount
You can also take advantage of the schemes in the savings schemes of the government in less money. Your money remains safe in these schemes. You can deposit money up to 1.50 lakh in these. The government has reduced the interest rate of PPF to 7.10 percent.
Money deposited once a month
You can invest up to 500 rupees in PPF at least in 1 year. If you deposit up to 1.5 lakh rupees in PPF in 1 year, then you get the benefit of tax exemption. If you want, you can deposit money in it every month. Are.
Account will not be closed even after 15 yearsÂ
Investment in it stops after 15 years. But if you want to invest more in this, then you can invest in this scheme even after 15 years, but then you can withdraw the money only once in 1 year.
To open a PPF account, you have to submit Form-1. If you want to invest even after 15 years, then you have to apply in Form-4.
How to take loan on PPF account
You can easily get loan on PPF account. You get a loan of only 25% of the money in your PPF account.
