Government Backed Investment Schemes: #3 Public Provident Fund
Saturday, May 6, 2017, 3:09 PM
PPF is a tax-free savings scheme launched by the Ministry of Finance. This long term small savings scheme helps people to save money for their retirement. Major beneficiaries of this scheme are self-employed. One can invest up to Rs 1.5 lakh per annum in their PPF account and also avail tax benefits under section 80C of Income Tax Act.