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However, to maximise your PPF investments, it is crucial to avoid mistakes. So, how to invest in public provident funds and optimise the benefits they offer? This guide highlights the most common mistakes made when investing in PPFs for your awareness to maximise your returns.
What is PPF?
A popular government-backed scheme, Public Provident Fund (PPF) is ideal for individuals with a low-risk appetite.
It offers a secure and stable opportunity for individuals to grow their wealth while also enjoying significant tax benefits.
Some of the key benefits of PPF are as follows:
- Low-risk investment with guaranteed returns.
- Tax benefits under Section 80C
- Minimum investment of ₹500.
How to Invest in PPF Online?
You can conveniently invest in PPF online by just following the steps below:
- Log into your bank account using internet banking or via your bank's mobile banking platform.
- Navigate to the section that allows you to open new accounts and choose the 'Open a PPF Account' option
- If you are opening an account for yourself, select the 'Self Account' option.
If you are opening
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