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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.