PPF Scheme: The PPF scheme is under the Central Government. Investment can be made in this scheme for 15 years and it matures after 15 years. The central government provides investment and savings opportunities to the common people through PPF.
PPF Scheme: Many schemes are being run by the government. Through these schemes, the government is providing different benefits to the people. At the same time, there is also a scheme of PPF among them. On behalf of the government, people are provided benefits through the PPF scheme. However, if people invest money in PPF scheme, then some things need to be taken care of a lot. One of these important things is the interest paid on PPF.
PPF Scheme
The PPF scheme is under the Central Government. Investment can be made in this scheme for 15 years and it matures after 15 years. The central government provides investment and savings opportunities to the common people through PPF. Along with this, the interest rate given on PPF is determined by the Central Government. Please tell that at present 7.1 percent interest is being given annually through PPF.
Review of interest in PPF scheme
On the other hand, those who invest money in PPF scheme should keep in mind that the interest rate in PPF scheme is reviewed every three months. If the government after review feels that the interest rate of PPF scheme should be changed, then that step can also be taken by the government.
Investment
Along with this, people can invest up to a maximum of Rs 1.5 lakh in a financial year on the PPF scheme. At the same time, people have to make a minimum investment of Rs 500 in every financial year, if the minimum investment is not done then the account can become dormant. In such a situation, keep in mind how much investment is necessary in the PPF scheme.
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