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Showing posts from July, 2022

What is PPF? Which one is better EPF vs PPF?

Introduction  The Public Provident Fund (PPF) is a popular long term investment option that has been around for decades in India to enable people to meet their financial goals. PPF is a government backed small savings instrument where you get tax benefits and assured returns. .  PPF is a small savings scheme • PPF is a government backed scheme • PPF is a long term investment  • PPF is a tax saving scheme  • PPF is a safe investment • PPF is a hassle free investment  • PPF can be started as early as at the age of 10 years  • PPF can be started with a small amount of Rs. 500 • PPF can be opened in a post office or designated banks  PPF is a government backed small savings scheme where you get tax benefits and assured returns. The interest on your deposit under this scheme is taxable at the lower rate of 10%. PPF can be opened up to the age of 70 years, but it's advisable not to invest beyond this age as your money will lose much more than what it would h...