PPF CURRENT AFFAIRS

ppf

PPF-Public Provident Fund

Saving and tax saving instrument

Mininmun Deposit is 500

Max Deposit is 1.5 lakh for one year

12 installements per year

1 April 2016 interest rate is 8.1%

Duration  15 years

extended to 5 years

under 80c 0f IT Act

Loan from 3rd year

No Tax deduction upto 50,000

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