PPF Scheme- If you want to become rich in a short time, then invest in this scheme today
In today's uncertain times, we do not know what will happen, when we need a large amount of money, so to secure our future and meet our needs, we should invest part of our earnings in a place from where we get returns, if you are also looking for such a scheme, then PPF scheme is a great option for you, let's know its complete information-
1. Attractive interest rate: Currently, the PPF scheme offers a competitive interest rate of 7.1%, in which your investment continues to grow over time.
2. Flexible investment limits: You can start investing in the PPF scheme with a minimum of Rs 500 and contribute up to Rs 1.5 lakh annually.
3. Long-term investment horizon: The money you invest in a PPF account matures in 15 years. If you don’t need the money immediately after the maturity period, you have the option to extend the investment indefinitely for additional 5-year blocks.
4. Lock-in period and withdrawals: The PPF account has a lock-in period of 5 years. During this time, premature withdrawals are not allowed, thereby promoting long-term savings.
5. Tax benefits: The PPF scheme falls under the EEE (exempt, exempt, exempt) category. This means that your investments, interest earned and maturity proceeds are all tax-free, making it a highly tax-efficient investment.