Page 2 - Epf Scheme News Today

To get more benefits through investing in PPF, you can also open an account in the name of your children.

Investors should note that the interest rate on PPF accounts is calculated on the minimum balance between the fifth day of the month and the last day of the month. Therefore, when one deposits the money before the fifth of every month, he can earn the interest for the entire month.

This government scheme can make you up to 1 crore rupees at the time of maturity with an investment of Rs 12,500 every month.

Regulations for the Public Provident Fund permit investments beyond the 15-year maturity period.

This scheme not only gives the benefits of saving income tax but also guarantees a fixed amount at the time of retirement. This scheme is both for employed and self-employed people. Lets have a look at each and every aspect of this scheme from the investment angle.

PPF is a small-savings programme backed by the government that offers average returns but also offers numerous tax breaks, exemptions, and the assurance of capital protection. 

Under Budget 2021, the government has decided to reduce the tax benefits in a move to target high-income earners who benefit from the scheme.

Bank customers can open their PPF accounts either online or by visiting a nearby bank branch. 

If an individual had opened a second PPF account on or post-December 12, 2019, such account or accounts will be closed in case of a merger. 

Invest Rs 7500 in PPF account and get return in crores after retirement- Here’s how - Now, you can become a crorepati at the age of 55 after investing Rs 7500 in your PPF. Learn more about this scheme here.