What is PPF

Public Provident Fund (PPF) is supported by the government and is generally safe with comparatively high returns. The minimum limit of investment in PPF is ` 500 and the maximum is up to ` 70,000 per annum. At present PPF is compounded at an annual interest of 8%.Benefits under Public Provident Fund (PPF):

The investor enjoys the rebate on his investment under section 80C of I.T. Act 1961 Interest income on PPF and the final amount is considered as tax free Investments in small amounts can be made every year for a longer duration Investments are fixed deposited for 15 years Balance amount held in Public Provident Fund is tax exempted from wealth tax