Public Provident Fund - One of the most underrated investment in India
PPF is one of the most underrated investment in India. Ideally Everyone should have this account opened.
I think not a single investment advisor is suggesting it because anyone can open it free of charge means there is no commission.
It provides triple Tax benefits.
- Deduction under 80C section
- Interest is not Taxable
- Maturity Amount is also not taxable.
And one of the biggest advantages is cumulative interest.
Here is the example of investment done by me.
I started it in year 2010 with Small amount an started increasing every year. I am maxing out my contribution from last 6 years. Contributing 1.5 lacs every year which is max contribution limit.
Currently I am getting 1 lac interest every year.
Seeing this makes me feel so Happy.
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