Question

what is PPf ? any three features of PPf?
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Answer 1

$\huge\bold{\blue{\fbox{QUESTION}}}$

What is PPF ? Any three features of PPF.

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Public Provident Fund (PPF) is a tax-free saving scheme regulated by the Indian Government.

It is a long-term investment scheme with a lock-in period of 15 years.

Three features of PPF :

• You can invest a minimum of Rs. 500 and a maximum of Rs. 1,50,000 in a financial year.
• A PPF has a minimum tenure of 15 years. You can extend it in blocks of 5 years if you wish.
• Any Indian citizen can open a PPF account.