PPF Login: There are many investment instruments available. In such a situation, many schemes are also being run by the government. PPF scheme is also included in these schemes.
PPF scheme is being run through Govt. People have to invest for a long time through Public Provident Fund. Along with this, there is also a lock-in period. Through this locking, people have to deposit money in PPF for 15 years. Only after this will you get the maturity amount. However, some things should also be taken care of in this.
change in interest
If an account has been opened in PPF, then a lot of care should be taken regarding its interest. Actually, PPF account gets interest at a fixed rate. The interest rate offered in PPF account is reviewed every three months. At the same time, if needed, the interest given in the PPF account can also be changed.
Interest rate At present, interest is being given by the government at the rate of 7.1 percent per annum in the PPF account. At the same time, in this scheme, people have to invest at least Rs 500 in a financial year. Apart from this, people can invest a maximum of Rs 1.5 lakh in a financial year in this scheme.
However, people have to take care of one thing in PPF account. Actually, people have to keep in mind that if you are not able to invest even a minimum of Rs 500 in a financial year, then your PPF account will become inactive. Due to which the interest received in your account is also going to be affected a lot.
minimum balance
In such a situation, deposit minimum balance in your PPF account every year, so that your PPF account does not become inactive. Apart from this, if the PPF account becomes inactive, then the PPF account can be started back through some penalty amount.
(pc ukobank)
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