PPF Account
PPF Account: PPF stands for Public Provident Fund, was inaugurated in 1968. It’s a tax-free and safe investment scheme that released with a tenure period of 15 years. The two important features that make this scheme more assured and popular is that it offers fixed internet rates with guaranteed returns. In a regular interval of time, individuals need to invest between Rs. 500 to Rs. 1.5 lac in a financial year. This investment instrument gives you the flexibility to choose the lump- sum amount to invest. The interest rate on PPF Account is updated by the government every quarterly, now as per the government guidelines, the current PPF interest rate provided by all banks is 8%, but it will be changed in upcoming months.
PPF Account: Details
PPF comes with an aim to provide saving and assured investors that they are investing in the risk- free direction. This scheme helps the general public of India by offering convenient installments feature. The account of PPF can be activated by investing a minimum Rs 500 up to 1.5 lakh per financial year. The lock-in period of PPF is 15 years, so PPF account holder cannot withdraw money before the maturity period. Though, they can redeem fund after 7 years as per their choice. There is no restriction on how many times individuals can invest, but as we mentioned above, the investment fund must be minimum Rs. 500 to a maximum of 1.5 Lakh.
PPF Account: Interest Rates
As per the government guidelines, the current PPF interest rate is 8.5% per financial year. The biggest advantage of this scheme is that it falls under the EEE category, which simply means, all the fund deposited in the PPF is tax-free. But, make sure the PPF account cannot be terminated permanently. Investors can evaluate the PPF- related calculation as interest rate earned, returns till maturity period with the help PPF interest calculator and PPF account calculator.
PPF Account: Facts
| Interest Rate | 7.6% Per Anum |
| Duration of Scheme | 15 Years |
| Minimum Yearly Deposit | ₹500 |
| Maximum Yearly Deposit | ₹1,50,000 |
| Installments Every Year | 1 (Min) to 12 (Max) |
| Number of Accounts Allowed | Only One |
| Lock-in Period | 15 years (partial withdrawals can be made from the sixth year) |
| Extension of PPF Account | After the maturity period (15 years), it can be extended for a period of 5 years |
| Tax Savings on Premium | under section 80C (upto 1.5 L) |
| Tax Savings on Maturity Amount | fully exempted from wealth tax |
PPF Account: Open Online in SBI
Individuals can open a PPF account with either post office or private banks and nationalized banks. In order to access the PPF, all you need is to fill the dull registration form and submit some documents like identity proof, address proof, signature proof, passport size photos, and saving account number. If you haven’t used net banking, you can fill the form for it that is available on your respected bank website.
PPF Account: Interest Calculator
Individuals who are investing in PPF, they must have some basic knowledge about the PPF calculator. It’s an instrument which is used to calculate the return, interest rates over the maturity period, even it’s also all PPF related calculation issues. Mainly, PPF interest calculator and PPF account calculator are often used by the investors. The purpose of the PPF calculator to estimate the interest value over the period of 15 years and PPF account calculator is to get a total investment value.
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PPF Account: Types of PPF Calculators
There are seven types of calculators which assist you to compute various types of calculations over PPF amount. They are as follows:
- PPF fixed monthly investment calculator
- PPF fixed yearly investment calculator
- PPF variable yearly investment calculator
- PPF Benefits calculator
- PPF available loan calculator
- PPF available withdrawal calculator
- PPF maturity calculator
PPF Account: Benefits
- Individuals can get a loan against the account for any purpose. But this facility reduces your balance amount.
- Individuals have access to change the nominee name.
- Income-tax free benefit.
- With the help of PPF calculator, you can estimate the interest value.
- At the end of the 4th year, you can withdraw 50% fund value.
PPF Account in Hindi
पीपीएफ खाता: पीपीएफ का मतलब पब्लिक प्रोविडेंट फंड है, जिसका उद्घाटन 1968 में हुआ था। यह एक कर-मुक्त और सुरक्षित निवेश योजना है जिसे 15 साल की अवधि के साथ जारी किया गया है। इस योजना को और अधिक सुनिश्चित और लोकप्रिय बनाने वाली दो महत्वपूर्ण विशेषताएं यह है कि यह गारंटीड रिटर्न के साथ निश्चित इंटरनेट दरें प्रदान करती है। समय के नियमित अंतराल में, व्यक्तियों को रुपये के बीच निवेश करने की आवश्यकता होती है। 500 से रु. एक वित्तीय वर्ष में 1.5 लाख। यह निवेश साधन आपको निवेश करने के लिए एकमुश्त राशि चुनने की सुविधा देता है। पीपीएफ खाते पर ब्याज दर हर तिमाही सरकार द्वारा अपडेट की जाती है, अब सरकार के दिशानिर्देशों के अनुसार, सभी बैंकों द्वारा प्रदान की जाने वाली वर्तमान पीपीएफ ब्याज दर 8% है, लेकिन आने वाले महीनों में इसे बदल दिया जाएगा।
PPF Account Kya hota hai
पीपीएफ बचत और आश्वस्त निवेशकों को यह सुनिश्चित करने के उद्देश्य से आता है कि वे जोखिम मुक्त दिशा में निवेश कर रहे हैं। यह योजना सुविधाजनक किश्तों की सुविधा प्रदान करके भारत की आम जनता की मदद करती है। प्रति वित्तीय वर्ष में न्यूनतम 500 रुपये से 1.5 लाख रुपये तक निवेश करके पीपीएफ खाते को सक्रिय किया जा सकता है। पीपीएफ की लॉक-इन अवधि 15 वर्ष है, इसलिए पीपीएफ खाताधारक परिपक्वता अवधि से पहले पैसा नहीं निकाल सकता है। हालांकि, वे अपनी पसंद के अनुसार 7 साल बाद फंड रिडीम कर सकते हैं। व्यक्ति कितनी बार निवेश कर सकता है, इस पर कोई प्रतिबंध नहीं है, लेकिन जैसा कि हमने ऊपर उल्लेख किया है, निवेश कोष न्यूनतम रु। 500 से अधिकतम 1.5 लाख।