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