Do we have any risk in opening PPF account?
By IndianMoney , 8 months ago
IndianMoney
8 months ago
A public provident fund (PPF) account offers risk-free, guaranteed returns, and capital protection as it is backed by the Government of India.
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- Can I increase my investment under the PPF scheme by opening 2 or more accounts in my name?
- Can I continue to use an inactive account?
- Will I continue to earn returns if my account is inactive?
- If I open a PPF account in my minor child?s name, can I claim tax deductions from both accounts i.e. my child?s and mine, when I file taxes?
- What if I wish to invest more money than the Rs.1.5 lakh limit?
- How is interest calculated in PPF?
