Earn Interest Without Investment After 15-Year Lock-In!
Zee Business Video Team | Updated: October 22, 2024 07:28 PM IST
If you’re looking for a safe way to invest and grow your money over time, the Public Provident Fund (PPF) is a great choice. You can contribute between ₹500 and ₹1.5 lakh each year, so it’s flexible based on what you can afford. The PPF matures in 15 years and currently offers an interest rate of 7.1%. Besides the good interest rate, the PPF also gives you tax benefits in three ways: on the money you invest, on the interest you earn, and when you withdraw it at maturity. These features make it popular among investors.
