DelhiDesk Public Provident Fund (PPF) is a long-term savings scheme in India with a current interest rate of 7.1%. However, there are some disadvantages to consider before investing, including a lower interest rate than Employee Provident Fund (EPF), a long lock-in period of 15 years, a fixed maximum deposit limit of Rs. 1.5 lakh, strict early withdrawal rules, and no early premature closure allowed except for specific circumstances. PPF can be a good investment and tax-saving plan for those who are not salaried employees, but it is important to consult with certified experts before making any investment decisions.
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👉 PPF is a long-term savings scheme in India with a 7.1% interest rate.
👉 PPF has a lower interest rate than EPF, making it less attractive for salaried employees.
👉 PPF has a long lock-in period of 15 years, making it unsuitable for short-term needs.
👉 The maximum deposit limit for PPF is set at Rs. 1.5 lakh, limiting investment potential.
👉 PPF has strict early withdrawal rules and premature closure is only allowed under specific circumstances.
👉 PPF is still a great investment and tax-saving plan for non-salaried individuals.
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