Investing in life is very important. Investing in a bank or ppf is a very profitable option in the long run. If you also want to invest in PPF then the best scheme is running for you. It is very good if your money is safe and interest is also getting. These two things are taken care of by the name Public Provident Fund. Usually it is called ppf.
In this government scheme, you can invest a minimum of Rs 500 per annum, and the maximum limit is up to Rs 1.5 lakh. No interest is available on deposits above ₹1.5 lakh in a financial year. The amount can be deposited in lump sum or in installments. There is no limit to this.
This is an excellent scheme from the point of view of tax exemption. So it is very popular among working people. By depositing money in PPF, you can avail tax breaks along with better returns.
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You can get tax exemption under Section 80C of Income Tax, with a maximum limit of Rs. 1.5 lakhs. The investment in PPF, the interest earned on it and the amount received on maturity, all three are completely tax free.