What is PPF account? PPF interest rate? What are the benefits and disadvantage of PPF ? Everything about PPF account
PPF It is a common term used for saving money . Now, what is this PPF. PPF i.e, public provident fund introduced by government. Public provident fund is a scheme , a popular long term investment option backed by the government of India . And where it is introduced by the government , it automatically becomes risk free . PPF is fully guaranteed scheme by the government. PPF gives an agreeable rate of interest and returns on investments. PPF has a tenure of 15 years which, however, can be extended by 5 years on application by the subscriber whereas partial withdrawal is also allowed in some cases. PPF has many benefits in terms of interest rates, safety and relaxation. Now, what are its benefits:- * PPF interest rates benefits. The rate of interest in PPF is revised every quarter by the government of India .The PPF interest rate has historically been around 7.6% to 8%. It tends to move slightly higher or lower depending on the overall economic scenarios. Period ...