For those who wish to save their hard-earned money and want a complete security for their fund, Public Provident Fund (PPF) scheme is a long term investment option to suit their purpose. Backed by the government, the scheme offers safety with attractive interest rate and the returns are fully exempted from Tax. One can begin investment with a minimum amount of Rs 500 and maximum amount can be Rs 1,50,000 in a financial year.
This scheme can really fit very well in your personal finance portfolio and if you think that it will generate wealth for you, then just apply for the PPF Provident Fund (PPF) scheme 1968. What you need is to fill Form A and submit it at any State Bank of India (SBI) branch with requisite documents. You need to mention the name of branch on Form A where you wish to open your PPF account. (Pixabay)