I am sure none of us have met a person who wouldn’t love making extra money out of their investment. For Indian investors, there is a very safe investment scheme known as the Public Provident Fund (PPF) that allows one to invest for future and a great way to save tax under section 80C. This scheme was launched to encourage savings across income classes hence minimum deposit requirements are very low. Investing in PPF is a great strategy
Almost everyone has a PPF account but unknown to most, there is a great way to make most of this relatively safe investment as well. As we all know, the PPF gets matured at the end of 15 years. which means you can only withdraw the entire amount after 15 years of investment. Additionally, PPF also offers loan facility from 3 to 6 years and you can withdraw some percentage of your saving after 7 years of initial investment.
Investing in PPF
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