PPF manages to sound like a very complicated term but is not, it’s rather simply known as Public Provident Fund. It remains to be a tax-savings cum saving scheme introduced by the National Saving Institute of the Ministry of Finance that is under the Central Government. There is very little that is known about this institute but it does operate rather efficiently, as introducing these schemes has helped the general public a lot.
*All savings are provided by the insurer as per the IRDAI approved insurance plan.
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
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