PUBLIC PROVIDENT FUND
Govt didn't increase PPF interest rate for April-June quarter for FY 23-24 .
PPF INTEREST RATE
Unlike other small savings scheme , PPF interest rate remains unchanged at 7.10 %.
WHY TO CONTINUE PPF INVESTMENT
Following are the reason for you to continue PPF investment .
TAX BENEFIT
Despite low interest rate , tax benefit on premium & maturity amount makes it a lucrative option.
LONG - TERM INVESTMET
Its is still a lucrative long-term investment as upto Rs.66 lakh can be accumulated in 20 yrs by investing 1.5 lakh/yr
GUARANTEED RETURNS
The goverment - backed investment offers guaranteed returns
LOAN FACILITY
Depositors can also take loan facility against the amount in their PPF account after one year
RATE HIKE IN FUTURE
There are high chances of PPF interest rates going up next quarter
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