The Public Provident Fund (PPF) is a favored post office savings scheme known for its fixed interest rates and tax-free maturity proceeds. Investing in PPF for an extended period offers substantial returns and significant interest. The scheme provides financial security through guaranteed returns, making it a popular choice among investors. PPF accounts have a maturity period of 15 years, with the option to extend in blocks of 5 years. The interest earned is compounded annually, maximizing returns over time. Deposits made in PPF are eligible for tax deductions under Section 80C of the Income Tax Act. With its attractive features, the PPF serves as a reliable long-term investment option, combining tax benefits with capital appreciation. By Coshorts
Tap for more at zeebiz
