12.7 C
Qādiān
Friday, February 14, 2025

Reshaping Perspectives and Catalyzing Diplomatic Evolution

PPF Scheme: PPF scheme is of no use to these people, money can get trapped!

PPF Login: Many schemes are being run by the government for the benefit of the people so that people can save better and get better returns. Through these schemes, the government tries to give better returns to the people.

At the same time, these schemes have been designed according to different classes. These also include a PPF scheme. Investors get many benefits through Public Provident Fund. However, before investing in it, they should also take care of some things.

ppf scheme

Actually, some people want that they can benefit quickly from their investment and get quick returns. Also, people do not want any lock-in period on their investments and they demand that they can access their investments whenever they want. However, this is not the case with the PPF scheme. In PPF scheme, money is invested for a long period.

The plan is not useful for these people

If any money is invested in PPF scheme then it will be locked for 15 years. Actually, the maturity time in PPF scheme is 15 years and the interest received in the PPF account will be available with the full amount after 15 years. In such a situation, those who are looking for a short-term investment option, then this scheme is not for those people.

Investment

In such a situation, this scheme will not work for those who do not want to keep their money for a long time. At the same time, a maximum of Rs 1.5 lakh can be invested in this scheme in a financial year. In such a situation, if someone wants to invest more than Rs 1.5 lakh in a financial year, then he will not be able to do so in this scheme.

Read the Latest India News Today on The Eastern Herald.

More

How Online Casino Games in Eastern Countries & the US Differ

Gambling has been a staple of cultures around the...

BRICS strengthens economic independence by moving away from US dollar

Russia and Iran have officially announced that 96% of...
Follow The Eastern Herald on Google News. Show your support if you like our work.

Author

News Room
News Room
The Eastern Herald’s Editorial Board validates, writes, and publishes the stories under this byline. That includes editorials, news stories, letters to the editor, and multimedia features on easternherald.com.

Editor's Picks

Trending Stories