Paragraph match score 90.9%
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5. Public Provident Fund (PPF):
PPF is a Central Government guaranteed investment cum tax saving instrument, offering a 7.1% rate of interest. The amount deposited in PPF accounts is deductible, under Section 80C, from taxable income whereas all withdrawals are exempt from taxes. Partial withdrawals are permitted only from the 7th year onwards.
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2. Public Provident Fund (PPF):
PPF is a sovereign guaranteed investment and comes with tax benefits. PPF offers a 7.1% p.a. rate of interest (as per the July 1, 2022 circular). The amount deposited in PPF accounts is deductible, under Section 80C , from taxable income whereas all withdrawals are exempt from taxes. Partial withdrawals are allowed from the 7th year.