Global News

[ad_1] The public provident fund (PPF) is one of the fixed-income financial instruments. Guaranteed by the government, the returns on the PPF depend upon the market performance, while some offer fixed returns. Some are open-ended with no lock-in period, some have a lock-in period. PPF comes under small savings schemes, of which the interest rates are reviewed on a quarterly basis. PPF is a long-term investment option that comes with a sovereign guarantee. You can use the PPF account to accumulate wealth over the long term. Key Features of PPF Investors can invest as low as Rs 500 per year, and as high as Rs 1.5 lakh per year, in their PPF accounts. Investors can invest their money in their PPF account for as many as 15 years in a row, as per the guidelines. However, if one does not need the money at the end of 15 years, he or she can extend the tenure of the PPF account for as many years as needed. This can be done in blocks of five years by submitting a PPF Account Extension Form