3. Public Provident Fund (PPF)
Tuesday, January 9, 2018, 7:13 PM
The Public Provident Fund (PPF) is backed by the Government of India and offers attractive interest. Currently, PPF offers 7.6% rate of interest for the Quarter (January to March, 2018). PPF enjoys the EEE status. The money invested in PPF will be tax exempt up to Rs 1.5 Lakhs under Section 80C of Income Tax Act. The money accumulated and withdrawn at maturity, are also tax-free.