PPF Account - The Complete Guide

PPF Account: The Complete Guide (2021)

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PPF is the abbreviation of Public Provident Fund.

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PPF is a saving and investment scheme brought to you by the Government of India, wherein income tax is exempted not only on the principal investment amount but also on the interest earned by it.

The initial aim of this scheme was to benefit old age, retired individuals by providing with the accumulated money so that they can live a happy, and relaxed life.

PPF offers people an excellent plan to establish a long-term corpus by investing little amounts repeatedly over a period of time. A PPF account provides a helpful combination of safety, returns, and tax-saving benefits.

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