Monday, November 7, 2011

Public Provident Fund (PPF) Account

Public provident fund account is a voluntary account which can be opened by individuals who may be a working or unemployed . People can get tax benefit under 80c. The minimum amount which has to be deposit by the account holder is 500 rs/ year. The maximum amount which you can deposit is 70000 rs/ year. The interest return on this investment will be 8% per annum . People who don't want to take risks and who want to save money for long term needs with tax benefit can invest in this PPF. Where can i open PPF account

1 comment:

  1. I am just considering opening a PPF account for my daughter. i remember the power of compounding very well :)

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