how to Provident fund new information

1. PROVIDENT FUND

2. Introduction
 Savings – cum – tax investment instrument
in India under PPF Act 1968
 Long tram investment plan
 Rate of interest

3. 7 Must-Know Facts About PPF
 It requires just Rs. 100 to start a PPF account
 PPF accounts have a minimum and maximum
deposit limit.
 Interest calculation in PPF account
 Premature withdrawal from PPF
 PPF offers multiple tax benefits
 Need a loan? Use your PPF
 Continuing PPF after the 15-year period

5. Advantages
 extremely low risk
 great returns
 no tax on earned interest
 payment is flexible
 ideal plan for self employed

6. Disadvantages
Long lock in period
Lack of liquidity
Interest rates keep changing

7. how interest is calculated

9. Loan facility
 Loan can be availed from 3 rd year onwards till
6th year
 Amount should be 25%of the 1st year end .
Interest charged will be 2%
 Must be repaid within 36 month

10. Who Can Invest
 Residents of India are eligible to open an
account
 NRIs are not eligible to open an account
 An A/C Can be open under the name of minor
by his/ her guardian
 One can open PPF a/c with post office or any
nationalized bank
 Account is transferable

12. PPF Vs EPF