PPF Account in Post Office | Public Provident Fund Explained | PPF Account Kya Hai? | PPF Calculator
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3 سال پیش
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PPF Account in Post Office
PPF Account in Post Office | Public Provident Fund Explained | PPF Account Kya Hai? | PPF Calculator
Welcome to Josh Money!
In this video of Josh Money, Aastha Sethi is talking about one of the longest running government schemes: PPF or Public Provident Fund.
What is PPF Account?-
Public Provident Fund (PPF) was introduced in India in 1968 with the objective to mobilize small saving in the form of investment, coupled with a return on it. It can also be called a savings-cum-tax savings investment vehicle that enables one to build a retirement corpus while saving on annual taxes. Anyone looking for a safe investment option to save taxes and earn guaranteed returns should open a PPF account.
Public Provident Fund (PPF) scheme is a long term investment option that offers an attractive rate of interest and returns on the amount invested. The interest earned and the returns are not taxable under Income Tax. One has to open a PPF account under this scheme and the amount deposited during a year will be claimed under section 80C deductions.
The PPF scheme offers an attractive rate of interest and no tax is required to be paid on the returns that are generated from the interest rates.
Eligibility to open a PPF account-
You can invest in the PPF if you meet these criteria:
You are a citizen of Indian
You can open only one PPF account unless your second PPF account is in the name of a minor.
You cannot invest in PPF is you are an NRI or HUF.
How to open a PPF account?-
Individuals can open a PPF account at banks or at post offices. Earlier, opening a PPF account was allowed only at Nationalised Banks, however, private banks such as Axis, HDFC, and ICICI Bank also offer the PPF scheme. The documents required to open a PPF account is mentioned below:
The application form must be submitted.
ID proof such as Aadhaar card, Permanent Account Number (PAN) card, passport, etc., must be submitted.
Address proof with the current address mentioned on it should be submitted.
Signature proof.
After submission of the above documents, the amount that is required to open a PPF account can be deposited.
We have also discussed about the Current Interest Rate of PPF, Withdrawal Process of PPF, Pre Mature Closure and Pre Mature Withdrawal.
In this video, You will also get to know how to calculate the Final Corpus Amount.
We made a PPF calculator, so that according to your investment you can calculate your final corpus.
Download PPF calculator from this link:
https://docs.google.com/spreadsheets/...
#PPF #PPFAccount #PPFCalculator #JoshMoney
Welcome to Josh Money!
In this video of Josh Money, Aastha Sethi is talking about one of the longest running government schemes: PPF or Public Provident Fund.
What is PPF Account?-
Public Provident Fund (PPF) was introduced in India in 1968 with the objective to mobilize small saving in the form of investment, coupled with a return on it. It can also be called a savings-cum-tax savings investment vehicle that enables one to build a retirement corpus while saving on annual taxes. Anyone looking for a safe investment option to save taxes and earn guaranteed returns should open a PPF account.
Public Provident Fund (PPF) scheme is a long term investment option that offers an attractive rate of interest and returns on the amount invested. The interest earned and the returns are not taxable under Income Tax. One has to open a PPF account under this scheme and the amount deposited during a year will be claimed under section 80C deductions.
The PPF scheme offers an attractive rate of interest and no tax is required to be paid on the returns that are generated from the interest rates.
Eligibility to open a PPF account-
You can invest in the PPF if you meet these criteria:
You are a citizen of Indian
You can open only one PPF account unless your second PPF account is in the name of a minor.
You cannot invest in PPF is you are an NRI or HUF.
How to open a PPF account?-
Individuals can open a PPF account at banks or at post offices. Earlier, opening a PPF account was allowed only at Nationalised Banks, however, private banks such as Axis, HDFC, and ICICI Bank also offer the PPF scheme. The documents required to open a PPF account is mentioned below:
The application form must be submitted.
ID proof such as Aadhaar card, Permanent Account Number (PAN) card, passport, etc., must be submitted.
Address proof with the current address mentioned on it should be submitted.
Signature proof.
After submission of the above documents, the amount that is required to open a PPF account can be deposited.
We have also discussed about the Current Interest Rate of PPF, Withdrawal Process of PPF, Pre Mature Closure and Pre Mature Withdrawal.
In this video, You will also get to know how to calculate the Final Corpus Amount.
We made a PPF calculator, so that according to your investment you can calculate your final corpus.
Download PPF calculator from this link:
https://docs.google.com/spreadsheets/...
#PPF #PPFAccount #PPFCalculator #JoshMoney
3 سال پیش
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است.
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