Public Provident Fund (PPF) is a very long term investment in small savings schemes with a maturity period of 15 years. The 15-year lock-in period of PPF accounts should be reducedA suggestion has been made regarding PPF that the government should reduce the lock-in period of 15 years. PPF, EPF interest rates should be equalSBI research has also suggested the central government to bring parity in the interest rates of Employee Provident Fund (EPF) and Public Provident Fund (PPF). Tax exemption on interest on Senior Citizen Savings SchemeOne suggestion is regarding tax exemption on the interest of the Senior Citizen Savings Scheme. Under the Senior Citizen Savings Scheme, senior citizens can deposit up to Rs 15 lakh, which earns an interest of 7.4% annually.

Source: dna July 07, 2021 10:18 UTC