Earn Interest Without Investment After 15-Year Lock-In!

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.

Updated on: October 22, 2024, 07.28 PM IST
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