Letter about telling your friend about the advantages of ppf account and suggesting him to open a ppf account.
Answers
Coimbatore
28-Nov-17
Dear Raji
Hope your parents and you are doing well. I am doing fine here. I am writing this letter to tell you about the PPF account I opened last month with my first salary. This has many benefits and I will mention a few of them.
You can start a PPF with just a small amount of Rs.100/-. Also, you need to make a deposit into your account only once a year. However, you can make the deposit more frequently if you wish. Another great advantage is that it offers tax benefits.
PPF also offers a comparatively bigger rate of interest than what is offered by savings accounts in banks. There is a lock-in period of 15 years during which you cannot withdraw the money. The best part is that because of this, you can be assured of really good savings. Since this is a government-backed scheme, the investment is completely risk free.
I hope you will understand the advantage of having a PPF account. I request you to also open an account at the earliest.
Love,
Shalu
Abhishek Chaubey
Old Colony
Bhopal
Date: 12.4.15
My dear Ranjit,
How are you? Hope you are enjoying the best of health and happiness. I am happy that you have got a good job. Are you saving money for the future? I have come to know about a very good investment scheme and have started investing in it. It is called the PPF or Public Provident Fund scheme.
It is a long term investment option which is backed by the Government of India. It offers an attractive interest rate. Moreover, the returns are fully exempted from tax. You can invest a minimum amount of Rs. 500 and a maximum amount of Rs. 1,50,000 in one financial year.
I think it is a good option, why don't you also try it out. Let me know what you think about it. Convey my love and regards to everyone at home.
With lots of love
Your friend
Abhishek