#NRImoneyclinic #PublicProvidentFund #PPF
1.00
PPF ACCOUNT
Minimum Subscription Of Rs 500
Every Year You Need To Pay This Minimum
Maximum Per Year Is 1,50,000
You Can Open Account At A Bank Or Post Office
1.30
PPF ACCOUNT
You Can Invest Max 1.5 Lakhs In One Instalment
You Can Invest In Monthly Instalments Too
1.55
PPF ACCOUNT
How Long Should I Stay Invested ?
Maturity Of Scheme In 15 Years
Thereafter You Can Extend It Every 5 Years
2.30
PPF ACCOUNT
Who Can Invest?
Open For All Resident Indians
NRIs Cannot Open PPF Account
3.30
PPF ACCOUNT
What Happens To My PPF When I Become A NRI ?
If Opened As A Resident Individual You Can Continue As NRI
You Can Hold It Till Maturity But Cannot Extend Term
You Can Continue To Contribute As Planned Earlier
Maturity Proceeds Cannot Be Transferred To NRE Account
4.15
PPF ACCOUNT
Can I Extend Maturity After 15 Years?
You Can Extend It For Blocks Of 5 Years At A Time
You Can Keep Repeating It As You Complete 5 Years
5.0
PPF ACCOUNT
What Are My Tax Benefits ?
Contribution Qualifies For Deductions Under Section 80C
Interest Earned Is Tax Free Every Year
Maturity Proceeds Are Also Tax Free
It Gives EEE Tax Benefits ( Exempt, Exempt, Exempt)
5.40
PPF ACCOUNT
What Is The Rate Of Interest ?
Special Interest Rate Applies
Current Interest Rate Is 7.1
Interest Rates Are Notified Every Year
Interest Accrual Date Is 31 st March Every Year
6.10
PPF ACCOUNT
What Are My Tax Benefits ?
Contribution Qualifies For Deductions Under Section 80C
Interest Earned Is Tax Free Every Year
Maturity Proceeds Are Also Tax Free
It Gives EEE Tax Benefits ( Exempt, Exempt, Exempt)
7.25
PPF ACCOUNT
Can I Make Withdrawals?
Not Possible During First 5 years
Withdrawals Are Restricted
You Can Withdraw Only Once In A Year
Complex calculation To Check Withdrawal Limit
10.20
PPF ACCOUNT
Can I Take A Loan ?
Yes , But Restrictions Exist
You Can Take A Loan Between 3rd & 6th Year
Complex calculation To Check Eligible Loan Limit
Loan Can Be Availed Only Once A Year
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To know more about our business and our business model please watch the below video
Our Website: www.nrimoneyclinic.com
Whatsapp: 00971 55 548 4472