What are the other advantages of PPF?

What are the other advantages of PPF?

Apart from tax benefits, there are other advantages of investing in PPF

  1. You can get a loan against your PPF between 3rd to 6th financial year.
  2. You can make partial withdrawals after 7th financial year of holding period.
  3. Account can be extended in a block period of 5 years after maturity.


    • Related Articles

    • What are the tax advantages of investing in PPF?

      PPF enjoys EEE status when it come to tax. This means that PPF is exempt from tax on all its 3 components- a) initial investment, b) interest, c) maturity amount

    • What is PPF?

      Public Provident Fund (PPF) scheme is a popular long-term investment option backed by the Government of India which offers safety with returns in the form of interest, which is compounded annually.

    • How much can you invest in PPF?

      You can invest minimum Rs. 500 to maximum Rs. 1,50,000 in PPF in one financial year.

    • How is interest calculated on PPF?

      The interest rate in your PPF account is calculated on the lowest balance between the fifth and the last day of the month. Hence, to maximise your earnings, try making deposits between the 1st and the 5th of the month. Interest is compounded annually ...

    • What are the other advantages of this scheme?

      SSY offers many other advantages for the girl child. Some of them are listed below. Highest fixed interest rates Maturity amount to be given directly to the girl child The depositor can make numerous deposits in multiples of Rs 100 throughout the ...