This is a video that tells you about the loopholes in the PPF account, (public provident fund). If you have a PPF account in SBI or any other bank or even post office, these rules will stay the same. PPF is knowns to be as one of the safest investments, that not only offers a return of more than 8% but also provides tax benefits under section 80C of the income tax act. So, then why is it that you could lose your money in a PPF account? This can happen if you do not fully understand how PPF works, and how all the financial institutions are just very cunning when it comes to saving money.
So, this is our financial advice to save money, while you still can. PPF will mature after 15 years, and at that, it might hit you that you have been making a lot of mistakes during these 15 years, and now you have earned less money than you should have.
Watch this video carefully to understand how you can avoid the losses on your investment, and get the most out of the PPF account.
What is PPF (Public Provident Fund)?:
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