Are you looking for The meaning and full form of PPF in finance And what does PPF stand for? Well, We are going to learn about the definition and meaning of PPF, the abbreviations of PPF acronyms, and PPF meaning in Hindi. So you should read this post till the end?
The Full Form of PPF – Public Provident Fund
PPF Stands for Public Provident Fund. The Public Provident Fund (PPF) is a popular investment option with a number of benefits. The interest that you earn on your investment is tax-free. The money that you put into the PPF is also guaranteed by the Indian government.
It means that you can get your money out of the PPF when you need it, without incurring any penalties. in short PPF Account Scheme is a tax-saving instrument that you can use to meet your financial goals.
The interest that you earn on your PPF is tax-free. The principle that you place in your PP-F account is also tax-free. You can withdraw the principal amount at any time, but the interest will be taxable.
Features of PPF Account Scheme
- Long Terms Investment:
PPF is a long-term investment with a lock-in period of 15 years. This means that the amount deposited in the PPF account can be withdrawn only on maturity, which is 15 years. On completion of this period, it can be extended for a further period of 5 years. Premature withdrawal is allowed but only in case of emergency
- Interest Amount on PPF :
Interest on the PPF balance is calculated every month and this interest amount is credited to the PPF account at the end of every financial year. Interest rates are announced by the government every quarter.
Every month, the interest amount is calculated on the lowest PPF balance after the 5th of every month, till the last day of the month. Hence, PPF investors are advised to make contributions to their PPF account before the 5th of every month
- Investment Limit in PPF Scheme :
Individuals need to invest a minimum of Rs 500 annually. And the maximum investment that can be made in a PPF account in a financial year is up to Rs 1.5 lakh.
- Tax exemption on PPF Scheme :
PPF also offers the best tax benefits as it comes under the exempt-exempt-exempt (EEE) category. This means the principal amount, maturity amount, as well as interest earned, will not be taxable. Under section 80C, every year you deposit in the PPF account, that amount is deducted from your taxable income.
- No tax on interest :
You get interested every year in the amount deposited in the PPF account. But this interest is not added to your annual taxable income. That is, the interest earned on PPF is tax-free. as well as Maturity amount is also tax-free, Whenever you withdraw money when the PPF account is mature, it is also completely tax-free.
There are some of the most commonly used acronyms, abbreviations, full forms, and the PPF meaning are listed in different categories below the table.
| Terms | Full Forms |
|---|---|
| PPF | Pounds Per Foot Unit » Unit Measures |
| PPF | Public Provident Fund Business » Stock Exchange |
| PPF | Priorities and Partnerships Funding Governmental » Economy |
| PPF | Partner in Pet Food Miscellaneous » Food & Nutrition |
| PPF | Past Present And Future Miscellaneous » Unit Measures |
| PPF | Pension Protection Fund Business » Funds |
| PPF | Page-level Protection Flag Computing » Assembly |
| PPF | Photosynthetic Photon Flux Miscellaneous » Unclassified |
| PPF | Personnel Processing File Governmental » Military |
| PPF | Private Professional Fiduciary Governmental » Law & Legal |
| PPF | Print Production Format Computing » IT |
| PPF | Pixels Per Foot Miscellaneous » Unclassified |
| PPF | Payload Processing Facility Governmental » NASA |
| PPF | Playstation Patch File Computing » Software |