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Public Provident Fund Rules: The central government continues to run many different government schemes for every section of the country. The name of one of those very popular scheme is Public Provident Fund Scheme. By investing in this scheme, every class can get the benefit of provident fund, whether it is employed or not. This is a launch term scheme in which investors get the benefit of strong interest rate.
Special features of PPF scheme-
You can invest in PPF scheme for a total of 15 years and you get 7.1% interest on a quarterly basis. Along with this, there is no tax on the amount received on maturity. Along with this, you get a rebate of Rs 1.5 lakh under Section 80C of Income Tax on investing in it. In such a situation, this investment scheme caters to various needs of the common people. In such a situation, the number of people investing in it is increasing rapidly. But do you know that after maturity in the PPF scheme, all the account holders get three types of options. If you wish, you can continue investing in this scheme even after 15 years. In such a situation, we are giving you this information that after maturity in the PPF scheme, what are the options available with the account holders-
Withdraw the entire amount after maturity
After the completion of the maturity period of PPF scheme, if an account holder wants to withdraw all the money deposited in the account, then he can do so. You will have to fill a form by going to the bank or post office. After this you can withdraw all the money from the account.
Extend your investment by 5 years with new PPF investment
If you want to get strong returns by investing continuously in this account even after a period of 15 years, then you can extend the account for 5 years. For this you have to fill a form and give it. After this, you can increase your account for further 5 years while investing.
Don’t invest only advance account
If you do not want to make any fresh investments in the account, but only want to carry forward your existing investments, you can do so. In this also you will get the option to extend the account for further 5 years. In this, you will not have to invest even a single rupee further and you will continue to get interest on the deposited money.
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