Why (Public
Provident Fund) PPF
Of all the
avenues of safe investment with good returns, I consider investment in PPF as one beyond compare. Zero risk. One should study the article in detail and all
questions will be well answered there.
In fact, I
would like each and every student in school to have a PPF account if their
parent can afford to put an amount of Rs 1000 in a year. I would like all
teachers in schools to take up this matter earnestly, one that is going to
help the students to no end. By opening an account early, say, for a student
even in Standard II or III and subscribed and operated by the guardian as a
minor account, the 15 year maturity period is totally conquered. By the time
the child finishes education and enters the field of employment ,the PPF
Account would have been there for over 12-14 years and the child, now an adult
will immensely benefit by tax savings alone on further investments from
earning.
The best part
is that the money subscribed after commencement of earning will be close at
hand and available. The ‘15 year wait for maturity’ will no longer be a fear to
contend with. Simple.
Any queries
sent to the author will definitely be addressed as there is no better
investment for tax saving as well as totally tax free income of the interest
earned and the account cannot be attached in any court of law.
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