PPF Rules you may not be Aware of
https://www.fundstiger.com/ppf-rules/ PPF or Public Provident Fund is one of the most popular long-term savings option. A subscriber can make annual contribution ranging from ₹500 to ₹1.5 lakh in a financial year. The interest rate on PPF is revised every quarter and for the April-June quarter, it fetches an interest rate of 8% per annum. PPF account has tenure of 15 years and can be renewed in blocks of five years. It also enjoys income tax benefits. NRIs are not eligible to open an account under the PPF scheme but they can continue to hold their pre-existing PPF accounts, which were opened while they were resident. 1. How to maximise PPF Interest Earnings? The interest rate on PPF deposits is not fixed. The government revises interest rates every quarter, depending on the yields of government bonds. The interest is compounded annually and credited at the end of the financial year. An investor can choose to deposit the money as a lump sum or in a maximum of 12 contribution