PPF Scheme: Public Provident Fund (PPF) scheme is being run by the government for the common people. Through this scheme, the people of the country can invest for a long time.
Also, you can get good interest on that investment. Lakhs of people in the country are also currently investing in the PPF scheme. However, while investing in PPF scheme, it is important to keep one important thing in mind. Let’s know about it…
PPF scheme investment
Actually, if you have to invest in PPF scheme, then you should know that interest is also provided on a fixed basis in PPF scheme. The PPF scheme is supported through the government. In such a situation, the interest rate of the PPF scheme is also reviewed by the government every three months and if needed, the interest rate of the PPF scheme can also be changed.
If you want to invest in the PPF scheme, then currently in April-June 2023, 7.1 percent interest is being provided to the people in the PPF scheme on an annual basis. On the other hand, the PPF scheme is a long term investment scheme and it runs for 15 years from its inception. In this case, the return of the scheme is available after 15 years.
The maturity of the PPF scheme is after 15 years. In such a situation, PPF scheme can prove to be a better option in terms of investing for a long time. At the same time, a maximum investment of Rs 1.5 lakh can be made in this scheme in a financial year. Along with this, the benefit of tax saving is also available on this scheme.