Government Investment Scheme- Invest in this government scheme, you will get bumper benefits
Public Provident Fund ( PPF ) is a notable savings scheme offered by the Government of India , which provides a secure route to guaranteed returns. This investment option stands out as a reliable option for individuals seeking stability and long-term financial planning.
Currently offering 7.1 per cent interest rate , the PPF scheme allows a minimum contribution of Rs. Rs 500 to maximum Rs. 1.5 lakh. Funds invested in PPF mature over a period of 15 years , with a unique provision to extend the scheme by 5 years for each block , should immediate need for funds not arise on maturity.
An important aspect to note is that once an account is opened under the PPF scheme , funds cannot be withdrawn for the first five years. Notably , the PPF scheme falls in the EEE (Exempt-Exempt-Exempt) category , giving investors the additional benefit of tax exemption.
Public Provident Fund Scheme not only gives the assurance of financial security and guaranteed returns but also presents an attractive opportunity for long-term wealth creation.