PPF: There are many such schemes in the post office, which are exempted under 80C of the Income Tax Act.
The post office has about 10 savings schemes, including the Public Provident Fund -PPF, which can be availed from the post office. Most of these schemes are exempt under 80C of the Income Tax Act. In this era of corona virus, people have used digital payment more. In such a situation, if you also want to deposit money sitting at home. So know how to make online payment?
How to open PPF account in post office
Once you have to go to the post office to open a PPF account. After this you can operate everything online through India Post Payments Bank (IPPB) app.
Also Read: Not one or two, but these 6 ways can verify your ITR
Know what is digital payment app DakPay?
The government launched the DakPay digital payment app last month. Post office and IPPB customers can also use this app. DakPay provides digital financial and banking services provided by India Post and IPPB. Through the digital payment app DakPay, you can take advantage of the payment facilities of merchants like sending money, scanning QR codes and making payments. Interoperable banking service is provided to customers with any bank in the country.
Know new interest rates in PPF account
Public Provident Fund or PPF and other small savings schemes have not changed the interest rates for the January to March quarter. However, usually the government changes the interest rates in the small savings scheme on a quarterly basis. The maturity period in PPF is 15 years. It gets interest at the rate of 7.1 per cent. In order to keep the account active, it is necessary to invest at least 500 rupees in every fiscal year.
How to transfer money to post office PPF account through IPPB
– First of all, link your bank account to IPPB account.
– Visit DOP Product and select PPF.
– Now you have to enter PPF account number and DOP customer ID.
– After this you select the installment duration and the amount.
– IPPB will notify you of notifications after the payment made through the IPPB mobile application.
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