Facts about PPF Account
Facts about PPF Account https://www.fundstiger.com/ppf-facts/ PPF (Public Provident Fund) has remained one of the popular investment alternatives, especially for risk-averse investors who are satisfied with moderate but guaranteed returns. Amidst the rising popularity of other investment platforms like mutual funds, PPF is most trusted because of sovereign guarantee from the government on the principal invested and interest earned. Public Provident Fund (PPF) which allows us to save money on which no tax is levied. The government has retained the 8% interest rate on the popular PPF or Public Provident Fund (PPF) for the January to March quarter, making it an attractive investment for conservative investors. Apart from tax benefits, the PPF also helps build a sizeable corpus for long-term goals like retirement. In terms of income tax implications, the PPF has an EEE or ‘exempt, exempt, exempt’ status, meaning that it provides subscribers with deduction benefit up to ₹ 1.5 lakh und...