Post Office PPF Scheme 2024: Best Tax-Free Investment with 7.1% Interest, Apply Now

Post Office PPF Scheme: For all those people who want to invest their money in a good place and want to get good benefits of that money in future, the Post Office PPF scheme run by the Department of Posts can prove to be a great option.

Today, through this article, we have brought complete information about the Post Office PPF scheme run by the Department of Posts for all of you, which can prove to be useful and beneficial for all of you. For the information of all of you, let us tell you that after investing under which scheme you can get good returns.

To join under this scheme, first of all it is necessary for all of you to go to your nearest postal department and open a PPF account because under this scheme you can invest only in PPF account. If you also want to get monetary benefits in future by investing your money, then you should take advantage under this scheme.

Benefits of Post Office PPF Scheme

• If you have already joined this scheme, then you can also add any other member of the house to it.
• In this scheme, an account can be opened in the name of only one person.
• This account is safer than any other account and you also get more savings in it.
• You cannot close the PPF account for 15 years as its maturity period is 15 years.
• The account holders of this scheme can be rest assured of fraud incidents.
• You also get a loan through the amount invested under this scheme.

How much investment will have to be made

After opening a PPF account under this Post Office PPF scheme, all the account holders have to invest in this account every year and for your information, let us tell you that all the account holders can invest in this PPF account from a minimum of ₹ 500 to a maximum of Rs 150000 per year. Apart from this, this scheme is a tax free scheme in which you will not have to pay any tax.

Eligibility

• Under this scheme, the applicant must have Indian citizenship.
• Only one bank account can be opened for the applicants.
• NRI citizens will also be included in the eligibility category under this scheme.
• The concerned account is opened under the supervision of the guardian and if the parents are not there then the
• existence of this account will end but the amount deposited will be refunded.
• Apart from this, it is also necessary for the applicant to have the necessary documents.

Required Documents

• Aadhaar Card
• Identity Card
• Voter ID Card
• PAN Card
• Income Certificate
• Mobile Number
• Residence Certificate
• Post Office Bank Account
• Passport Size Photo

How to apply?

• To apply for the Post Office PPF scheme, go to the nearest post office.
• After reaching the post office, you have to take the application form of this scheme.
• Now you have to check the application form thoroughly and enter the necessary information in it.
• After doing this, attach a copy of all your necessary documents with the application form.
• Now you have to submit your application form and necessary documents to the post department.
• After this your application and documents will be verified.
• If everything is found correct then the PPF account will be opened.