People get a chance to invest for a long time through the PPF scheme. Along with this, if people want, they can deposit some amount every month. However, if you also invest money in PPF scheme, one important thing should be kept in mind, otherwise you may have to bear the loss.

maturity and interest

Actually, PPF scheme is a long term savings and investment scheme. If money is invested in this scheme, then its maturity is after 15 years. Only after 15 years, money is available in this scheme along with interest. However, one important thing must be kept in mind in these 15 years. At the same time, in this scheme, people are being given annual interest at the rate of 7.1 percent.

Whenever investment is made in PPF account PPF scheme, it is very important to invest at least Rs 500 in this scheme in a financial year. At the same time, a maximum of Rs 1.5 lakh can be deposited in this scheme in a financial year. In such a situation, if a person is not able to deposit even the minimum amount of Rs 500 in this scheme in a financial year, then the PPF account will become dormant.

Minimum Investment

After this, there will be a need to get that inactive account re-acquitted, in which some rupees will also have to be paid as a fine. Apart from this, in the year when you did not even make a minimum investment of Rs 500, people have to face problems regarding the interest received in that year. In such a situation, people should keep in mind that minimum investment should be made in PPF account every financial year so that the PPF account does not become inactive.

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