Video explains reason to have PPF Public Provident Fund account. Sooner you know this reason, better it is for you !!! Benefits of PPF Public Provident Fund,
- Interest earned on PPF Public Provident Fund is tax free
- PPF Public Provident Fund has Partial Withdrawal Facility available
Few Facts about PPF Public Provident Fund,
- Lock-in period is 15 years
- Can be further extended in blocks of 5 years
- Minimum deposit in PPF Public Provident Fund account is 500 per year
- Maximum deposit in PPF Public Provident Fund account is 1,50,000 rupees, 1.5 lacks (1.5 lacs)
- Minimum age of PPF Public Provident Fund is 18 years
- Minor can also have account, having major as guardian , but in that case, major can't have it's own PPF Public Provident Fund account
- You can open PPF Public Provident Fund account using net-banking of any nationalized bank using Adhaar OTP
- One person Indian can have only one PPF account, so if you have question, if you can have more PPF Public Provident Fund accounts then the answer is no, but you can have one PPF Public Provident Fund account for each of your family members.
- Interest on PPF Public Provident Fund is 7.9% in 2019
It's one of best tools to be considered for retirement.
PPF Public Provident Fund is safe and reliable long term investment option.
- You can open PPF in any bank like SBI, ICICI, HDFC
There is no special benefit of opening PPF Public Provident Fund Account in SBI, So you can choose SBI or ICICI or any other bank. So benefits of PPF Public Provident Fund Account in SBI or ICICI or same.
What is VPF and it's benefits,
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