15 year Public Provident Fund Account (PPF )
7.9 % per annum (compounded yearly).
Minimum INR. 500/- Maximum INR. 1,50,000/- in a financial year.
Deposits can be made in lump-sum or in 12 installments.
Public Provident Fund
PPF or public provident fund is a saving cum tax saving scheme,
introduced by National Savings Institute under Ministry of Finance in 1968. The objective of PPF scheme is to encourage savings by offering attractive rate of interest combined with the tax benefits. PPF is one of a very few investment schemes that offer EEE (Exempt, Exempt and Exempt) benefit that triples your tax exemption
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