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PUBLIC PROVIDENT FUND
Public Provident Fund (PPF) is a reliable investment option for individuals to build a corpus in the long-term, as it beats inflation and generates a risk fee and tax-free returns. It is ideal for investors who want a stable income in the long term and have a low-risk appetite. PPF is a long-term tax-efficient investment scheme that is popular for small investors. It is an excellent and secure investment for retirement planning and meeting your children’s higher education.

Features of PPF Any
resident Indian can open a PPF account either through post offices or nationalized designated banks. There is no fixed age limit for the opening of a PPF Account.The balance of a PPF account is fully exempt from wealth tax. It is also not subject to attachment under any order or decree of any court under the Government Savings Banks Act, 1873.

Extension of PPF Account
A PPF account has a lock-in period of a maximum of 15 years. At the end of 15 years, one can extend one’s subscription, in blocks of 5 years or else close the account. You can withdraw the entire PPF amount ( Investment plus interest ) after the completion of 15 Financial Year or you may extend it for a further period of five years with deposit or without deposit and earn tax-free interest till it is fully withdrawn.