PPF Account क्या होता है? | What is PPF Account in Bank? | PPF Account Explained in Hindi | PPF?

🔴 The Public Provident Fund (PPF) was launched in 1968 by the National Savings Institute of the Ministry of Finance. PPF is one of the best and safest long-term investment options available in the country. Any individual can open a PPF Account, including minors, provided they are a resident of India. It was introduced to help people save and invest small amounts of money. PPF helps investors grow wealth in a steady and safe manner. It is ideal for those seeking a secure investment option that offers assured returns as well as tax savings.

🔴 PPF: Features & Benefits

A Public Provident Fund Account offers several advantages. Here are some key features and benefits:
🫵🏻 Assured returns: PPF offers guaranteed interest at 7.1%* annually (as of Q2 of FY 2024-25).
🫵🏻 Tax-free earnings & savings: The deposits you make in your PPF Account can be claimed as a tax deduction under Section 80C (total deduction allowed under Section 80C is ₹ 1.5 lakh across all options). This translates into savings of up to ₹ 46,800* annually in taxes. In addition, the maturity amount (capital and interest earned) is tax-free. Thus, PPF is an excellent option for tax-efficient wealth growth.
🫵🏻 Low investment requirement: PPF allows you to start investing with as little as ₹ 500 per year. The maximum investment allowed is ₹ 1.5 lakh per year.
🫵🏻 Power of compounding: You can benefit from the compounded interest earned in your PPF Account across the long investment tenure of 15 years.
🫵🏻 Loan facility: Avail loans against your PPF balance from the 3rd to the 6th year of investment.
Transfer facility: PPF Accounts can be transferred from other authorised banks or post offices to ICICI Bank.
🫵🏻 Online management: Easily manage your PPF Account online, anytime and anywhere, through ICICI Bank Internet Banking and iMobile app.
🫵🏻 Flexible investment options: You can choose the frequency of your investment in PPF, whether it is yearly, half-yearly, quarterly or monthly, as per your convenience.

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🔴 This video might be useful for students preparing for -
🫵🏻 11th Commerce #11thcommerce
🫵🏻 12th commerce boards #12thcommerce
🫵🏻 CUET #cuet
🫵🏻 CSEET(CS FOUNDATION ICSI) #cseet
🫵🏻 CA Foundation #cafoundation
🫵🏻 UGC NET COMMERCE #ugcnetcommerce
🫵🏻 LLB #llb
🫵🏻 UGC NET LAW #ugcnetlaw
🫵🏻 Economics Students

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🔴 In this video-
Teacher's Name - CS Payal Popli
Topic - PPF - Public Provident Fund
#padhakulog

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