PPF Scheme: A secure investment scheme with 7.1 interest rate

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Investment

PPF Scheme is a great investment opportunity if you’re just embarking on your investment journey. The investment amount ranges from a minimum of Rs 500 to Rs 1.50 lakh. Image credits: Getty

Interest rate

The present interest rate offered in PPF scheme is 7.1 percent. It is a no risk investment that offers secured returns. Image credits: social media

Duration

The duration of your first PPF account lasts for 15 years. Also, the investors can opt to take a loan from the PPF account after 3 years of opening the account. Image credits: social media

PPF account

In the sixth financial year of the PPF account, investors can opt to retrieve 50 percent of the investment amount. Image credits: social media

Investment

You must remember to deposit the investment by the 5th of every month. Image credits: social media

Tax exemption

PPF account holders also get tax exemption under the 80C section of Income Tax Act. Image credits: social media Find Next One