Any person can start investing in public provident fund with just Rs 500. You can open this account through bank or post office. The government increased the interest of this scheme this year.
PPF Update: To strengthen the general public financially, the central government runs many schemes. Similarly, Punjab National Bank, a public sector bank, has brought gifts for its customers. Under this, you will get more benefits than the schemes run by the government. But this facility is related to Public Provident Fund (PPF Scheme Update). Information about this was given by the bank. In which he said that now customers are going to be saved as well as tax saving is also going to happen. By depositing a fixed amount every month, you can deposit a large amount through PPF account (PPF Scheme). The special thing is that you can take advantage of this facility online. You do not even need to go to the bank to deposit money in PPF account.
Investment starts with a minimum of Rs 500
Any person can start investing in public provident fund with just Rs 500. You can open this account through bank or post office. The government increased the interest of this scheme this year. After January 1, 2023, 7.1 percent interest is being given by the Center. It would have maturity in 15 years. If you also have a PPF account, then customers of Punjab National Bank can manage their account sitting at home. Account holders can apply for further extension in blocks of five years each.
How much discount
Those who invest in Public Provident Fund also get tax exemption. Not only this, the interest received under the scheme is also tax free. When your investment completes five years, you can also apply for a loan based on it. PNB customers can get information about PPF by visiting the official website https://www.pnbindia.in/public-provident-fund.html.
