Public Provident Fund (PPF): 12,500 रुपये का निवेश और 2.27 करोड़ रुपये का रिटर्न

Public Provident Fund (PPF): Investment is a good plan for future saving but it is not easy to search for a good Investment Program as many investors are facing losses. If you want to invest in a safe scheme you can read this article where we are discussing with you a government-sponsored investment scheme where investors will get a good premium after completing the maturity. We are discussing the special scheme of public provident fund which is known as PPF. It is designed to provide a pension after retirement. So if you wish to invest for the future then you can know about the features of  PPF scheme 2023.

A public provident fund is a government-sponsored scheme to provide pension facilities for those who are getting a salary or earning from any other sources. Government employees are already getting pension facilities through new pension or old pension schemes, but PPF is inviting Private employees and self-employed also to invest for a better future. PPF is currently providing 7.1% interest rates on the principal amount annually. As it is a long-term Investment Program investors who are looking for a safe and payback investment scheme can look out for PPF.

Features of Public Provident Fund PPF Scheme

  • Long-term investment plan: The public provident fund provides a long-term investment plan as once you open the PPF account to have to invest for the upcoming 15 years in your account. However, you can also extend it for the upcoming 5 years so you can invest for 20 years in your PPF account. 
  • Flexibility in investment: The Scheme provides you the flexibility to pay monthly investments in your account which are starting from 500 rupees per month. However, you can invest a maximum of 1.5 Lakh annually Under this scheme. So applicants can invest between 500 rupees to Rs 12500 per month according to their plan
  • Tax-free investment: Investors are getting relief from the income tax department if they invest less than 1.5 Lakh rupees annually in their PPF account. Apart from this, The interest rates on their investment are also tax-free so they can use 100% of their earning through this scheme without paying tax.

50,000 से 1 लाख़ महीने हर मिलेंगे SBI से, जानें इस स्कीम के बारे में

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Eligibility for investment in PPF 

  • Any Indian citizen can apply for a PPF account for the investment
  • Any individual can apply after reaching the age of 18 in this account.  however, if the applicant is a minor then their parents or guardians can apply on behalf of the minor and after completing the area of 18 the account will automatically transfer to the name of a minor.

There is no other specific eligibility but you should have a proper source of income to invest in this PPF scheme on a monthly basis so it will help you to get a proper return without any deduction.

Important documents for PPF account

  • The Aadhar card of the applicant
  • PAN card
  • Address proof of the resident where you can show electricity bill, telephone bill, Aadhar Card, and other details.
  • Information of the employment
  •  passport size photograph

PPF return after 15 years 

Currently, the scheme is providing 7.1% PPF interest rates to the beneficiaries on their investment. For example, if you invest 12500 per month in your PPF account for the upcoming 15 years then at that time of completing the majority you will get approximately 2.27 crore rupees which will not only include the principal amount that you have invested in this scheme but will also receive the interest rates of 7.1% on your investment.

If you are interested in investing under a PPF account then you can visit your nearest branch of the bank where you have already a bank account or you want to open a PPF account.  after that, they will provide you the application form which should be filled through manually, and submit the PPF application form with the photocopy of the documents. Once your PPF application has been successfully submitted your account will be opened and you can invest accordingly.