The Public Provident Fund (PPF) is a savings scheme created by the Government of India to help people save money while earning good returns. It’s a great choice for those who want to invest safely and grow their savings over time.
What Makes PPF Special?
Attractive Interest Rate
The current interest rate for PPF is 7.1% per year, which is set by the government and reviewed every three months. This means your money keeps growing steadily without taking any risks.
How Much Can You Invest?
You can start investing in PPF with as little as ₹500 a year. The maximum amount you can deposit in a financial year is ₹1.5 lakh. You can add money in one go or in parts, making it flexible and easy to manage.
Long-Term Savings
A PPF account runs for 15 years, making it a great option for long-term goals like education or retirement. After 15 years, you can even extend the account for 5-year blocks if you want to keep saving.
Why Should You Choose PPF?
Tax Benefits
PPF offers amazing tax savings!
- The money you invest is eligible for a deduction under Section 80C of the Income Tax Act.
- The interest you earn and the maturity amount are completely tax-free.
Loan Option
Need money during emergencies? You can take a loan against your PPF balance between the third and sixth year of your account. This gives you quick access to funds without breaking your savings.
A Smart Choice for Every Indian
PPF is a safe, reliable, and tax-friendly way to grow your savings. Whether you’re saving for your child’s future, a dream home, or retirement, PPF ensures your money grows steadily.
Open a PPF account today and start building a brighter financial future!