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Thursday, June 1, 2023
WorldAsiaPPF interest rate revised: This much interest is being received on PPF...

PPF interest rate revised: This much interest is being received on PPF account, but it is very important to know about the interest


PPF Scheme: Public Provident Fund (PPF) scheme is being run by the government for the common people. Through this scheme, the people of the country can invest for a long time.

Also you can get good interest on that investment. Lakhs of people in the country are also investing in the PPF scheme at this time. However, it is important to keep one important thing in mind while investing in PPF scheme. Let’s know about it…

ppf plan investment

Actually, if you have to invest in PPF scheme, then you should know that interest in PPF scheme is also available on a fixed basis. PPF scheme is supported through Govt. In such a situation, the interest rate of PPF scheme is also reviewed by the government every three months and if needed, the interest rate of PPF scheme can also be changed.

If you want to invest in PPF scheme, then currently in April-June 2023, people are being provided 7.1 percent interest on annual basis in PPF scheme. On the other hand, PPF scheme is a long term investment scheme and it runs for 15 years from its inception. In this case, the return of the scheme is available after 15 years.

The maturity of PPF scheme is after 15 years. In such a situation, PPF scheme can prove to be a better option in terms of investing for a long time. At the same time, a maximum of Rs 1.5 lakh can be invested in this scheme in a financial year. Along with this, the benefit of tax saving is also available on this scheme.

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