PPF Scheme: If an account has been opened in PPF, then a lot of care should be taken regarding its interest. Actually, interest is given at a fixed rate in PPF account. The interest rate offered in PPF account is reviewed every three months. On the other hand, if necessary, then the interest given in the PPF account can also be changed.
PPF Login: There are many means of investment available. In these means, many schemes are also being run by the government. PPF scheme is also included in these schemes. The PPF scheme is being run through the government. People have to invest for a long time through Public Provident Fund. Along with this, there is also a lock-in period. Through this lockin, people have to deposit money in PPF for 15 years. Only after this the maturity amount will be received. However, some things should also be taken care of in this.
Change in interest
If an account has been opened in PPF, then a lot of care should be taken regarding its interest. Actually, interest is given at a fixed rate in PPF account. The interest rate offered in PPF account is reviewed every three months. On the other hand, if necessary, then the interest given in the PPF account can also be changed.
Rate of interest
At present, 7.1 percent annual interest is being provided by the government in the PPF account. At the same time, in this scheme, people have to invest at least Rs 500 in a financial year. Apart from this, people can invest a maximum of Rs 1.5 lakh in this scheme in a financial year.
PPF Account
However, people have to take care of one thing very well. Actually, people have to keep in mind that if you are not able to make even a minimum investment of Rs 500 in a financial year, then your PPF account will become inactive. Due to which the interest received in your account is also going to have a big impact.
Minimum balance
In such a situation, make sure to deposit minimum balance in your PPF account every year, so that your PPF account does not become inactive. Apart from this, if the PPF account becomes inactive, then the PPF account can be started back through some penalty amount.
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