What is Public Provident Fund (PPF) and its benefits
PPF or Public Provident Fund is one of the most popular mediums used by taxpayers to save tax under Section 80c.
Public Provident Fund Features:
Risk-return equation
The interest rate for Jan -Mar 2020: 7.9%
Low risk and one of the safest investment
Investment limit is yearly 500 to 1.5 Lakh
In PPF it is mandatory to invest yearly in PPF for 15 Years
Lock-In the period of PPF is 15 Years
Partial withdrawal option for selective reasons from 7th year
Tax benefits: PPF is only a tax saving option which qualifies EEE(exempt, exempt, exempt)
Means your investment get three benefits :
1: No tax on the invested amount under section 80C
2: No tax on returns from PPF
3: No tax on the maturity amount
Mutual Fund Investment 