PPF Tips: These 3 benefits of this government guaranteed scheme will surprise you, money will come running..


Public Provident Fund (PPF) is a great investment option. Indians like this scheme the most. The reason for this is the benefits it offers. Be it interest or tax-free investment or the amount received on maturity. In every respect, it is a great investment tool. The maturity period is 15 years. But, there are many benefits even after 15 years. Today we are going to tell you 3 such benefits, after which you will also plan to invest. The biggest advantage of the scheme is that whether you deposit money in it after maturity or not, you will keep getting interest. You have 3 options for the maturity of the PPF account. By choosing any of these options, you can increase your money further.


1. Withdraw PPF money on maturity
On maturity of the PPF account, withdraw the amount you deposited in it and the interest received on it. This is the first option. In case of account closure, your entire money will be transferred to your account. The special thing is that the money and interest received on maturity will be completely tax-free. Also, you will not have to pay any tax on the number of years you have invested.

2. Invest in PPF even after 15 years
The second advantage or option is that you can extend your account further on maturity. Account extension can be taken in the tenure of 5-5 years. But, keep in mind that you have to apply for an extension 1 year before the maturity of the PPF account. However, you can withdraw money during the extension. The rules of pre-mature withdrawal do not apply in this.

3. PPF Account will continue even without investment
The third biggest advantage of a PPF account, even if you do not choose both the options above, your account will continue after maturity. You don't need to invest in it. Maturity will automatically increase for 5 years. The good thing is that you will keep getting interested in it. Here also the extension of a 5-5 year period can be applicable.

Where can you open a PPF Account?
PPF accounts can be opened in any government or private bank. You can also open an account in any post office in your city. Minors can also open an account, but the parents' holding will remain on their behalf for 18 years. However, according to the rules of the Finance Ministry, a Hindu Undivided Family (HUF) cannot open a PPF account.


How much money will you get on how much investment?
Currently, 7.1 percent interest is being given to the Public Provident Fund. If you invest for 15 or 20 years with this interest rate, then a big fund can be prepared. Currently, 7.1% annual interest is being given on the PPF account. If you invest 1 thousand rupees every month through this scheme, then you will get 3 lakh 18 thousand rupees after 15 years.

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