The Post Office Public Provident Fund (PPF) is a long-term savings scheme by the Indian government through the country’s post office system. It’s a savings scheme that offers tax benefits and helps individuals with retirement, children’s education, and marriage type their long-term financial goals. So Let’s Know All Details about Public Provide Fund and get best return on your saving or investment.
Post Office Public Provident Fund (PPF)
The minimum investment in a PPF account is Rs.500 or 1000 per year and the maximum is Rs.1.5 lakh per year (It’s different as per some new changes). The interest rate is determined by the government and is currently 7.1% p.a. The funds in a PPF account are locked in for 15 years, after which they can be withdrawn or extended in blocks of 5 years. The Post Office Allow account holders to take a loan under Public Provident Fund (PPF) scheme against their PPF balance.
Required Documents to Open Post Office Public Provident Fund (PPF)
Aadhaar Card Election Card Driving License Any.
PAN Card.
Passport size photograph
Address proof of residence.
Form for declaration of nomination.
Features of a PPF account
Investment Limits
Risk factor
Deposit Frequency
Opening Balance
Nomination
Joint accounts
You can open your PPF account at any post office near you. it is an easy process just visit your nearest post office and submit documents with Post Office Public Provident Fund (PPF) Application form.
This Post Office Public Provident Fund (PPF) Information is very important and helpful for all so must share it with all.