Earn Interest Without Depositing..!? Full Calculation Here!!
Earn Interest Without Depositing..!? Full Calculation Here!!
In this post, you will find three main benefits of this scheme. After knowing about this you will also plan to invest in it.
1. Withdrawal of PPF amount on maturity.In this post, you will find three main benefits of this scheme. After knowing about this you will also plan to invest in it.
On maturity of the PPF account, you can withdraw the amount deposited in it and the interest earned on it. This is the first option. If the account is closed, your entire money will be transferred to your account. The special feature is that the money and interest received on maturity are completely tax-deductible. Also, you don't have to pay taxes for the number of years you invest.
2. Invest in PPF even after 15 years:
Another advantage or option is that you can extend your account further on maturity. But remember that account extension should be applied for before 1 year of maturity of the PPF account. However, subscribers can withdraw money during the extension period. Pre-mature withdrawal rules do not apply.
3. PPF account continues even if there is no investment
The third big advantage of a PPF account is that even if you don't opt for the above two options, your account will continue to run after maturity. No need to invest in it. Maturity automatically increases by 5 years. The good thing is that you will continue to earn interest on it. An extension of 5 years is also applicable in this.
How to open a PPF account?
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