PPF (Public Provident Fund) is a long-term savings scheme with tax benefits. It has a lock-in period of 15 years and offers tax-free returns.
Features:
PPF is a long-term savings scheme offered by the Government of India with tax benefits. It has a maturity period of 15 years.
Minimum investment is ₹500 per year and maximum is ₹1.5 lakh per year. You can invest in lump sum or installments.
No, PPF interest is completely tax-free. The maturity amount is also tax-free.