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About This Video :

A Public Provident Fund (PPF) account is a popular long-term savings and investment option in India, backed by the government. It offers a combination of safety, attractive interest rates, and tax benefits, making it ideal for individuals looking to build a retirement corpus. The minimum annual deposit is ₹500, while the maximum is ₹1.5 lakh in a financial year. The account has a lock-in period of 15 years, after which it can be extended in blocks of 5 years. Interest earned and the maturity amount are completely tax-free under Section 80C of the Income Tax Act. PPF accounts can be opened at designated banks or post offices and are especially favored for their risk-free returns and compounding benefits.

The Public Provident Fund (PPF) account offers several key benefits that make it a preferred investment choice, especially for risk-averse individuals:

Tax Benefits: Contributions to a PPF account are eligible for tax deduction under Section 80C of the Income Tax Act, up to ₹1.5 lakh per financial year. Additionally, the interest earned and the maturity amount are completely tax-free, making PPF part of the Exempt-Exempt-Exempt (EEE) category of investments.

Safe and Risk-Free: Since it is backed by the Government of India, the PPF is considered one of the safest investment options. There is no risk of capital loss, unlike equity or market-linked investments.

Attractive Interest Rates: PPF offers a competitive interest rate, which is revised by the government every quarter. The interest is compounded annually, helping your money grow steadily over time.

Long-Term Wealth Creation: With a 15-year lock-in period, the PPF encourages disciplined long-term saving. The power of compounding over such a long term can result in a substantial corpus, ideal for retirement or major life goals.

Loan and Partial Withdrawal Facility: From the 3rd to the 6th financial year, loans can be availed against the PPF balance at a low interest rate. From the 7th year onward, partial withdrawals are allowed, subject to certain conditions, providing liquidity if needed.

Flexible Investment: You can invest as little as ₹500 and up to ₹1.5 lakh per year, in a lump sum or in a maximum of 12 installments annually, making it accessible to a wide range of income groups.

Extension Option: After the initial 15-year maturity, you can choose to extend the PPF account in 5-year blocks, with or without making fresh contributions, allowing continued growth of your savings.

Overall, the PPF is a well-rounded savings instrument offering security, tax efficiency, and steady returns, making it suitable for both conservative investors and long-term planners.