PPF SCHEME: If you’re looking to invest without any risk, the government’s PPF scheme could be a great fit. PPF is an investment scheme that offers maximum returns without any risk. If you’re considering investing, you have a great opportunity to invest through the PPF scheme.
PPF is a long-term savings scheme operated by the Government of India. The unique feature of this scheme is that you can invest a minimum of ₹500 and a maximum of ₹1.5 lakh. The maturity period of this scheme is 15 years. You can withdraw the entire amount after 15 years. Investors also receive tax benefits under this scheme.
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How much interest is being earned?
Currently, the PPF scheme offers an interest rate of 7.1%. The government determines the interest rate every quarter. The most important thing is that the interest earned on this scheme is completely tax-free. Furthermore, the investment amount is tax-exempt under Section 80C. This is an EEE category scheme, meaning that all three—investment, interest, and maturity—are tax-free.
When can you withdraw money?
The PPF scheme has a maturity period of 15 years. The entire amount can be withdrawn after 15 years. Partial withdrawal is also available after 5 years. Furthermore, loans are available in times of need. After the maturity period, PPF also has the option of extending it for another 5 years.
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Why is PPF special?
You can invest a minimum of ₹500 annually in the PPF scheme. The maximum amount can be ₹1.5 lakh. The maturity amount is received after 15 years. This scheme offers interest at a rate of 7.1%. Along with this, a tax benefit is available with the EEE category under Section 80C.