The PPF account has a 15-year investment tenure, with the interest rate for FY 2024-25 set at 7.1% per annum. Eligibility to Open a PPF Account Indian citizens are eligible to open a PPF account.
One of the popular schemes under small savings schemes is Public Provident Fund (PPF) which is a long-term savings instrument that encourages customers to save while providing them tax benefits.
PPF is a small saving scheme that offers assured return to investors. One can invest anywhere between ₹500 to ₹1.5 lakh in a financial year. Deposits can be made in lumpsum or in instalments ...
Public Provident Fund (PPF) is a reliable mode of investing for people who want to save taxes while also earning substantial returns on their investments. The fact that PPF is exempt from taxes in ...
The PPF is a secure, long-term savings scheme backed by the government, offering fixed interest rates and guaranteed returns. It is best suited for risk-averse investors seeking steady growth and tax ...