ppf

PPF is one of the best long term investment options with attractive rate of interest and returns on investment for the individuals who have low risk appetite. It can also be called as savings cum tax  savings investment option to save taxes and earn guaranteed returns. PPF is a government backed scheme which enables you to create lump sum retirement corpus. As the returns are fixed, it is also used as a diversification tool for the investor’s portfolio along with tax saving benef..

The Public Provident Fund (PPF) account is a very popular, long-term investment and savings product. Individuals investing in the account can avail tax benefits as well. A PPF account can be opened at post offices as well as at banks. In order to make the process of opening an account easy, individuals can now open a PPF account online. However, individuals are allowed to open a PPF account online only at banks. It is not possible to open a PPF account online at post offices. While at a few b..

The scheme was initiated under the Employee's Provident Fund and Miscellaneous Act, 1952, for the benefit of employee after his retirement. The scheme was a collection of fund by the employer and employee. FEATURE OF THE SCHEME Under this scheme, the employer and employee both contributes the 12% of the employee's salary and dearness allowance to employee's provident fund account every month. The employee contributes the total 12% of his Employee Provident Fund Account whe..

The Public Provident Fund is a savings-cum-tax-saving instrument in India, introduced by the National Savings Institute of the Ministry of Finance in 1968. The aim of the scheme is to mobilize small savings by offering an investment with reasonable returns combined with income tax benefits backed by the Central . Balance in the PPF account are no subject to attachment however the tax authorities & government authorities can attach the account for recovering their tax dues. Though, Financ..