Public Provident Fund Scheme:
In today’s time, banks and post offices launch many types of savings related schemes with the aim of wooing people, in which any common citizen can invest money and get a good return after a certain period, in such a situation, you can also join such a scheme. If you want to invest money, then let us tell you that Public Provident Fund Scheme (PPF) has been launched by Punjab National Bank (PNB) in which if you invest money then you will be given a good return after a specific period. If you want to get complete information about the scheme, then stay with us on the article, let us know-
PNB gave information by tweeting
Information about this scheme has been given by tweeting on Twitter by a high official of PNB Bank, in which it has been said that if any customer invests money under the Public Provident Fund Scheme (PPF), then he will get two types of benefits. First saving and second tax saving, this scheme will be operated through online system means you do not need to go to the bank, rather you can invest money sitting at home.
Pnb Public Provident Fund Scheme investment
How much money will have to be invested in the Public Provident Fund Scheme launched by Punjab National Bank, then let us tell you that here you can deposit minimum 500 and maximum ₹ 15000 here or it depends on you how much money you deposit here. want to deposit every month
Pnb Public Provident Fund Scheme Interest and Maturity Period
How much interest will you get in this scheme launched by Punjab National, then let us tell you that here you will be given interest at the rate of 7.1% by the bank and most importantly, the maturity period of this scheme is fixed at 15 years i.e. your Here money will have to be invested for 15 years
What is the eligibility to invest in the scheme
The eligibility criteria for investing in this scheme of Punjab National has been determined by the bank as follows, the details of which we are giving below.
★Must be a permanent resident of India
★People of NRI category cannot open account in this
★People belonging to HUFs (Hindu Undivided Families) cannot open accounts in this
Loan will also be given under the scheme
Officials of Punjab National Bank say that if you invest money in your scheme, then you will also be provided with the facility of bank loan here, here you will be given a loan of 25% of your deposit, the money will be given to you in the first financial year and in the third and second year. The middle will be given to you and the time period to repay it will be within 36 months from the day you took the loan through the bank.
How much tax exemption will be available
If you want to get information about how much tax exemption you will get in this scheme of Punjab National, then you should visit PNB customer official website [website link] Get information about discounts.
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Summary at glance
The Punjab National Bank has launched the Public Provident Fund Scheme (PPF), which allows common citizens to invest money and receive a good return after a specific period. The scheme offers two types of benefits, including savings and tax savings. It can be operated online, eliminating the need to visit the bank in person. The minimum investment amount is ₹500, and the maximum is ₹15,000 per month. The scheme offers an interest rate of 7.1% and has a maturity period of 15 years. Eligibility criteria include being a permanent resident of India, excluding NRIs and HUFs. Additionally, the scheme provides the facility of bank loans, allowing borrowers to receive 25% of their deposit. Tax exemption details can be found on the official PNB customer website.
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