what is the best PPF scheme of India post office

 What is Indian Post Office PPF scheme:

In today's time every person wants to get pension after retirement from job. But ah, in this era more and more people are doing jobs in private sectors. And even in government jobs, now there is no pension scheme for the newly recruited staff in some departments. In such a situation, everyone wants a regular income even after retirement. It becomes very difficult to have a source of regular income after retirement and managing the daily expenses after retirement can be difficult. In some government departments, the salaried people get the benefit of pension facility after retirement. But, those working in the unorganised sector do not get the benefit of any such facility.

If you are also doing a job in a private sector and your company is also not offering you pension scheme, then the article is going to be very beneficial for you today. Even if you do business, then there is a time when man old comes forward and gives business to his children to walk and wants to live an easy life himself. Therefore, this pension scheme is going to prove to be better for all those businessmen as well. So let's know about this pension scheme.

 PPF (Public Provident Fund) Scheme of India Post:

Very few people must have heard about the PPF scheme of India Post, but the PPF scheme of India Post will prove to be the best way for you to avail pension.  This Scheme starts with just Rs 500 and give opportunity to avail pension facility. So let's understand this plan

Who can open their account in PPF scheme of India Post?

Under the PPF scheme of India Post, any Indian citizen who has made Aadhar card, voter ID and who has an Indian passport and who is more than 18 years of age, he can apply for his post under the PPF scheme of India Post. One can open an account and can avail this pension facility after retirement. But in this post office scheme, the account of a minor can also be opened by the guardian. And this scheme can be availed

What is the minimum investment amount is required to avail PPF scheme of India Post?

Under the PPF scheme of India Post, any person can open his account facility by depositing at least Rs 500 in a year. If a person wants to deposit a maximum of Rs 1.50 lakh under the PPF scheme of India Post, then this will be the maximum deposit amount. Under the PPF scheme of India Post, the depositor also gets the benefit of tax exemption under section 80C of the Income Tax Act. It was icing on the gold.

What Is Maturity Period for India Post PPF Scheme?

Under the PPF scheme of India Post, the maturity period has been kept up to 15 years. We would like to point out that the year of account opening under this scheme is not counted in the maturity period.

What are the rates of interest under PPF scheme of India Post?

If we talk about this time, then under the PPF scheme of Indian Post Office, the benefit of 7.1 percent interest rate is being given annually. But this scheme may also change in the coming time. But government schemes are always for the benefits of the people. Explain that the interest compounded under this scheme is deposited in the depositor's account at the end of every financial year. Apart from this, the interest earned under the PPF scheme is also out of the purview of income tax.