PPF Investment: A warning has been sent out to those who make PPF investments

 PPF Investment: A warning has been sent out to those who make PPF investments

PPF Investment: A warning has been sent out to those who make PPF investments

PPF Investment Update: Across the nation, the Public Provident Fund Scheme has millions of account members. You may profit from a substantial interest rate and tax exemption by investing in this plan.

Public Provident Fund: The Public Provident Fund Scheme is a long-term investment plan that offers substantial rewards over a fifteen-year duration. You may make yearly investments under this program ranging from Rs 500 to Rs 1.5 lakh.

If you own a PPF account as well, be aware that your account may potentially become inactive if you have committed any faults. Be aware of this.

A single PPF account may be opened by any individual. If you create a PPF account for your kid, only the parent(s) should be able to access the account. The PPF account for the same kid cannot be opened by both at the same time.

The maximum amount that may be invested in a PPF account at once is Rs 1.5 lakh. In the event that you invest more than this within a fiscal year, the account may be closed.

It is not possible to open a PPF account jointly. The bank or post office will classify this account as inactive if you do this.

It is imperative that you notify the post office or bank if you decide to keep your PPF account open beyond 15 years. If you keep making investments even after 15 years have passed without providing any information, the account will be classified as inactive.