The Central Government is running a number of programmes for the general people. Now that a special facility has been introduced for customers by the nation’s government bank PNB (PNB), you will receive greater benefits from government programs. The Public Provident Fund (PPF Scheme) now offers a special present to investors. Through tweets, Punjab National Bank (PNB) has provided information about this.
Tweeted PNB
In its official tweet, Punjab National Bank stated that you would now have savings in addition to tax savings. In addition, the bank has announced that you can now transfer money electronically from your home to PPF accounts without visiting the branch.
beginning with Rs. 500
With as little as Rs. 500, you can begin investing in the Public Provident Fund Scheme. Anywhere, you can access it through your local bank or post office. The PPF programme has a 15-year maturity period, and starting on January 1, 2023, the government will start offering the benefit of interest at a rate of 7.1%.
You may raise
for a period of five to five years. In this programme, account holders may request an increase every five to five years. He also has the choice to keep making the gift or not.
The advantage of tax exemption is yours
You also receive the benefit of tax exemption under the PPF scheme. You may benefit from the tax exemption provided by section 80C in this plan. The interest income received under this programme is also tax-free. You can also apply for a loan once your participation in this programme has lasted five years.
Go to the official website of PNB
Visit the official website at https://www.pnbindia.in/public-provident-fund.html for additional details on the PPF programme. You can learn everything about the PPF plan right here.
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