Public Provident Fund – All You need to know
Public Provident Fund is one of the famous savings options among investors, like bank deposits and postal deposit schemes, SSY, etc. In addition, for investors who have a low risk appetite and want guaranteed returns, this scheme is ideal for them. Moreover, this scheme can be opened with Rs. 500, and the present interest rate is 7.1%. Important Features of PPF… Lock In Period… PPF is a long-term investment product, and the lock-in period is 15 years. So, the maturity of this account is after 15 years, and the amount can be withdran in full after 15 years only. In …