This scheme is eligible for tax savings under Section 80C of the Income Tax Act of 1961. You can claim tax deductions on the capital invested up to Rs.1,50,000. Furthermore, the PPF program is based on the EEE taxation paradigm. As a result, both the maturity amount and the earned i...
Public Provident Fund (PPF) If someone today starts to invest Rs 5,000 per month and continues the PPF account till 15 years, he/she is for sure going to earn over 3x of your savings at the time of maturity. The same account can be extended within one year of maturity for a further...
Axis Banks, ICICI Bank, HDFC Bank, etc., and post offices. The account can be opened through the online medium as well. You will have to fill an application form along with which relevant documents stating your address proof, identity proof and income proof would also need to be submitted...
Address proof, e.g. Aadhar card, ration card or electricity bill. If you are applying offline, you also require a signed cheque. Saving vs InvestingImage source: ShutterstockHere’s How to open a PPF account OnlineOpening a PPF account online requires a savings account with a registered bank...