Image: SBI
This is a Savings Scheme run by the Central Government of India, in which you will get a safe and good return on your investment.
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Investments are tax deductible and completely exempt from income tax.
Image: Adani Group
SBI PPF is a long-term investment savings plan with safety and security.
Image: Adani Group
Secure Investment
Guaranteed Return
Long-Term Investment Saving Plan
Supported by Govt. of India.
Image: Pixabay
These returns are completely exempt from tax under Section 80C of the Income Tax Act. , the maturity amount is tax-free.
Image: Pixabay
A person who is a resident of India can open SBI PPF Account for himself/herself
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A person can open only 1 SBI PPF account in his own name, either in the post office or in a bank.
Image: Unsplash
A minimum deposit of Rs 500 and a maximum of Rs 1.5 lakh is allowed in a financial year
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Amounts can be deposited either in installments or in a lump sum.
Image: Unsplash
A partial withdrawal facility can be availed from the 7th financial year.
Image: Unsplash
The current annual interest rate is 7.9% p.a.
Image: Unsplash
The maturity period of the SBI PPF scheme is 15 years
Image: Unsplash
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