Public Provident Fund

PPF is a retirement saving scheme which is offered by the Government to provide secure post-retirement life. You also get tax benefits.

If you are someone who prefers guaranteed returns and also, save tax, then you should invest in PPF. It is a government backed scheme and not market linked. So, it offers guaranteed returns while protecting the investments.

For those individuals that are self-employed, or working in small companies or in companies which are not registered under the Employee Provident Fund, there is another option which is PPF – Public Provident Fund.

For those who want to start with small savings, the Public Provident Fund(PPF) is the best investment option.

PPF is applicable to all the residents but not NRI.

The return on PPF is 7.1% per annum.

 You can open a PPF account in any bank or post office.

 The minimum deposit amount starts with just Rs500. Also, a loan facility is available in PPF. The PPF account gets matured in 15 years. This way you can ensure a good corpus amount of savings combined with the interest earned on it for a duration of 15 years. After 15 yrs you can extend the investment by 5 yrs. You can take a loan on your PPF in the 3rd and 6th financial year of your investment. 

And, from 7th to 15th yr, partial withdrawal is possible, upon several conditions. 

 Assistance is provided at every step by Financial Friend, from documentation, to loan and maturity. All resident individuals are eligible to open a PPF account. The contribution under the account is eligible for tax deduction under Section 80C of the Income Tax Act. Also, the interest earned and the proceeds at maturity are exempt from tax.


To know more or invest in Public Provident Fund, contact us or chat with us on WhatsApp

To know more or invest in Public Provident Fund, contact us