If you invest in PPF, then money can get stuck, this will affect your earnings for years.


Business News Desk, Many savings schemes are being run by the central government. Through these savings schemes, people can invest their money in these schemes and earn returns. In these schemes, Public Provident Fund i.e. PPF scheme is also being run by the central government. Lakhs of people are investing in PPF scheme. However, there are many disadvantages of investing in this scheme. Let’s know about it…

maturity of 15 years
If you want to invest money in PPF scheme, then you should pay attention to the maturity of this scheme. Actually, the maturity in PPF scheme is 15 years, that is, the money invested in this scheme remains stuck for 15 years and only after 15 years, the full benefit of this scheme is available on maturity. However, partial withdrawal can definitely be done from this scheme in between.

rate of interest
In the PPF scheme, the interest rate is decided by the central government. The interest amount received under this scheme is reviewed every three months. At present, 7.1 percent interest is being given in this scheme as compounding on an annual basis. At the same time, the interest rate keeps changing in this scheme. In such a situation, if someone wants fixed and high interest, then this scheme will not prove right for him.

A minimum of Rs 500 and a maximum of Rs 1.5 lakh can be invested in a PPF scheme in a financial year. On the other hand, if a person has to invest more than Rs 1.5 lakh in a financial year, then this scheme is not for him.

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