VipBlogSpots

What are the major benefits and limitations of PPF Accounts?

The PPF account stands for Public Provident Fund Account which is governed by the central government. It is considered as a long term and risk-free investment opportunity.
In this article, let us discuss what are the advantages and disadvantages of investing in PPF (Public Provident Funds) accounts. The fixed deposits have been the primary choices of the majority of people in India. For those, it could be one of the best modes of investment with assured returns because the rate of interest is also higher than other types of deposits. Let us discuss other significant benefits and limitations of PPF Accounts in brief.
Advantages of PPF Accounts: Thus Investing in public provident funds offer several benefits when it is compared to other types of deposits like saving deposits, fixed deposits, recurring deposits or Flexi deposits. Disadvantages of PPF Accounts: Eligibility: Any individual who is resident of India is eligible to open a PPF account in the post offices or any popular banks, but an NRI can’t open a PPF account in India. Nevertheless, if you have already opened a PPF account before having NRI status, you can still operate it up to 15 years but it can’t be further extended.
The PPF account of minors can also be opened but it shall be operated by their parents. How to open a PPF Account? The process of opening a PPF account is very simple.
You can either approach the post offices and commercial banks or can apply online. You need to carry proof of identity, address and passport size photo and then fill the application form (Form A). The minors PPF account can also be opened under parents supervision.
If you hold an account in ICICI bank or HDFC bank, you can directly request for opening a PPF account through the internet banking portal. Wrapping Up: The PPF investments have always been preferred mode of investment for salaried as well as working professionals.
The returns are not only guaranteed by the government but at the same time, it provides monthly compounding rate interest as well. Moreover, the downside part, the rate of interest is not fixed depending upon the market and the lock-in period is also very long. Source: Free Articles from ArticlesFactory.com Raj Vardhan is an entrepreneur, Finance and marketing expert. He graduated from the University of Allahabad and MBA from the University of Lucknow in 2008.
Initially, He worked for various companies as a marketing manager and currently operating his company which manufactures food products. He also pleases to write and share his learnings and experience through his blog "ThesisBusiness". .

Top blog stories

A review of Idmobile.com

Idmobile.com offers both pay-as-you-go and contract plans. Pay-as-you-go plans are ideal for customers who don't want to be tied down to a long-term contract, and they can purchase bundles of data, minutes, and texts as and when they need them.

see post

A review of Idmobile.com

see post

AO.co: Online Shopping Made Simple

AO.co is a trusted expert in TVs, washing machines, clothes dryers and other household appliances. AO.com is one of the largest retailers in the UK and it specializes in electronics, clothes and home furniture.

see post

For our people.

At Three, we believe phones are good. They just make life better. Easier. And more fun. But we all need to find a balance that works for us. Our mission is to help our customers use their phones to live their best lives.

see post

We make your life easier

We make your life easier Since 1992, we’ve been helping customers get the best deal on their dream phone. We firmly believe in giving you the highest quality, for the lowest price. That’s why we work with three of the UK’s leading networks to do all the haggling for you,...

see post

FOUR BRANDS BECOME ONE. CURRYS.

Currys PLC is a leading omnichannel retailer of technology products and services, operating through 800+ stores and 16 websites in seven countries.

see post

Halfords - Quicker, Easier, and Convenient.

At Halfords, we're all about the journey. With more than 700 stores with over 10,000 colleagues, we're the UK's leading retailer of automotive and cycling products. We are also the leading operator in MOT, tyres, car servicing and car repairs - pleasing more than 750,000 customers every year.

see post

FOUR BRANDS BECOME ONE. CURRYS.

Currys PLC is a leading omnichannel retailer of technology products and services, operating through 800+ stores and 16 websites in seven countries.

see post

Sky - Epic. Endless. Entertainment.

It's important to us that everyone gets great customer service and can enjoy our products, no matter their level of sight. So, if you're blind, partially sighted or struggle to see or read the screen, we’ve a range of features to help you get the most from our products and...

see post

Nasty Gal - We exist for the “girl in progress”.

Look iconic, without the hassle— using Nasty Gal discount codes, you can shop your favorite pieces for way less by simply entering one of our promotional codes (of your choice) at the checkout. From delivery offers, to promo deals, we keep ‘em coming, so you always have the offer you...

see post

Digital Publishing From Past to Now

The Covid-19 has caused the school and universities to shut down around the world creating a major issue in Learning and Education. As this virus spreads through the interaction and if social distanci... The Covid-19 has caused the school and universities to shut down around the world creating a major...

see post

Why its Important to Manage Your Holiday Calendars?

A printable calendar 2021 is a prominent online platform where you download printable calendars of your choice. These calendars can be customized as per our client requirement with photo, text, logo, or any other image. If you are thinking of planning a dream vacation tour with family and kids but...

see post

Plus Size Lingerie - Shopping Tips

As the market for plus size lingerie flourishes, it is easier than ever to find beautiful plus size lingerie in stores almost everywhere. As the need for plus size lingerie flourishes, it is not hard to find beautiful plus size lingerie in stores almost everywhere. So, where does one find...

Teen Bras And Teen Lingerie

Teen bras are recognized by various labels. Sometimes they are known as training bras, starter bras, first bras and sometimes bralets or preteen bras. Teen bras are known by various names. They are known as preteen bras, training bras, starter bras or bralets. On average girls begin to require a...

Caring For Skin During The Summer Months And Stopping Dryness

Summer is here and it is a time to show off your skin! But for some the summer months can be demanding to the skin and this can often lead to a lot of dryness Miss your summer skin? The humidity we cursed in July gave us moist skin and...

Sheer Bras Uncovered

The charm of sheer bras and sheer panties comes from the wonderful versatility in design and fabrics. These brassieres come in a wide variety of gorgeous bra styles, measurements and colors. There are... The charm of sheer bras and sheer panties comes from the wonderful versatility in design and fabrics....

About Home Insurance Policies and Coverage

Home insurance is something that every family should have. This is true whether you rent the home you live in or if you own it. Renters can purchase a type of home insurance that is commonly referred to as renters insurance. Home insurance is something that every family should have....

Are You Happy With Your Current Facial Care Regime?

With so many products to choose from it can be very difficult what the best products are when it comes to determining a facial care regime. Have you been disappointed with the facial skin care system that you are presently using? Help reduce the appearance of fine lines, wrinkles, age...

Hairstyles for Weddings

There are unlimited possibilities and tons of versatile hairstyle options for weddings. Virtually, it is up to the bride to choose which style she feels more comfortable with; after all it is her day. Source: Free Articles from ArticlesFactory.com

Why A Facial Regime Is Of The Upmost Importance

You would never consider buying your favourite brand of clothing and then not taking care of them as they represent your style and personailty. The skin on your face also represents you and having a facial regime is very important. Parabens are widely used in a majority of the skin...

The Truth About Anti-Ozidants

Anti-oxidants is the buzz word at the moment when it comes to beauty care and delaying the signs of ageing. But are they just a myth to get you to part with your cash or do they have some kind of value? A product that suits your skin type and...

How Floor Lamp can Improve your house Look.

Floor lamp is a kind of lamp that's got a tall height and stands on the floor. Floor lamp can not only used as a light but it may also be a decoration in the room. Before purchasing a floor lamp, you should establish what purpose it'll be used for....