In this video, we will provide 7 major features of Public Provident Fund (PPF), one of the most popular tax saving investments
Edited highlights
0:23 In this video, we will provide 7 major features of Public Provident Fund or PPF
0:30 PPF is one of the most attractive tax saving investments
1:20 PPF is available in all major post offices and leading banks. You can manage the PPF online
1:39 It is an interest bearing 15 year investment
1:46 You can start the account Rs 500
1:54 You can get annual tax deduction of up to Rs 1.5 lakh per individual
2:19 Not only do you get total tax deduction for investment but also for interest and maturity amount
2:39 Being backed by the government, it is a highly secure investment
2:57 Being tax free all through, the effective post tax interest rate is very high
3:45 You can make partial withdrawals from the sixth year onwards
4:06 Since PPF is such a great long term investment, don’t withdraw from PPF
4:13 You can open PPF account in the name of the children
4:35 Interest for PPF is one of the highest among all Post Office or Small Savings Schemes
4:42 The PPF interest rate gets reviewed regularly by the government
5:00 You can extend the term of PPF in blocks of 5 years after the 15 year term gets over
