When can I view my PPF account online? What is the maximum Standing instruction period? Can I get tax benefit on my PPF investment? View More Public Provident Fund Blogs Previous What are Money Market Mutual Funds? 7 Months Ago Lumpsum Investment - A Guide on One time Mutual Fund Inv...
Opening a PPF account can be a great future investment for people.The Public Provident Fund (PPF)is a widely popular investment and savings plan. Individuals that invest in the account might also profit from tax benefits. This scheme was launched by the Finance Ministry, the national savings in...
Key Highlights of PPF account CategoryDetails Rate of Interest 7.1% annually Eligibility Can be opened at any age by any resident Indian (HUFs and NRIs not allowed) Tenure 15 years Nomination Facility available for maximum 4 nominations Tax Benefit Tax deduction u/s 80C up to Rs. 1,50...
Nomination: PPF account holders can designate a nominee at the time of account opening or later. Risk-Free Investment: With government backing, PPF ensures guaranteed, risk-free returns, providing a stable element in an investor's portfolio. Tax Benefit: PPF interest and maturity amounts enjo...
Along with the benefit of creating the post-retirement fund, PPF provides an opportunity for the individual to gain tax benefits up to the maximum limit of Rs.1.5 lakh on the contributed amount Moreover, the interest earned on the invested amount and the maturity amount is tax exempted under...
Tax Benefits of PPF Any amount you invest each year in PPF is eligible for tax deduction under Section 80C. The maturity amount that you receive is also not taxable. Given this double-edged benefit, most of the other fixed income instruments pale in comparison to the PPF. How liquid is PP...
Attractive interest rates that are fully exempted from Income Tax under section 80 C Good long term investments of 15 years Deposit Amount as low as Rs.500 per annum On opening a PPF account with ICICI Bank, apart from the regular benefits of a PPF Account , you also have the benefit of...
• EPF stands for Employee Provident Fund and is a retirement benefit fund that can be opened by any employee that receives a salary. • PPF stands for Public Provident Fund and is a fund that is set up and maintained by a country’s government. The fund is open to any individual wh...
It would help if you used the PPF return calculator throughout the tax-planning stage of the investing process to plan your investments efficiently. When the lock-in period has gone, as long as you keep your PPF account open, you may be able to predict how much time you have left unti...
ELSS benefit can be allowed only when the investment is made in the name of the assessee. However, in case of joint holding, the first investor should be the assessee. On the contrary, in case of investment in PPF, the PPF account can be opened in the assessee’s own name, or his...