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What are the PPF benefits?
What are the benefits?
There are many benefits to investing in a PPF account. Firstly, the interest rate is currently at 7.1% per annum, with this rate guaranteed for the entire investment period. Secondly, there are tax benefits - contributions made to the PPF account are tax deductible under section 80C of the Income Tax Act. And thirdly, the entire amount invested in PPF is exempted from tax at the time of withdrawal.