Deduction below part 80C for PPF deposit may be claimed, in case you’re submitting I-T returns in India.
Keep in mind, any one that is a non-resident Indian can’t open a PPF account. NRI standing disqualifies a person from opening, working, and managing such accounts.
Earlier, NRIs who had a PPF account as a resident Indian may put money into the fund by an NRO account and likewise loved the identical charge of curiosity given to a resident Indian.
PPF is a debt-oriented asset class, i.e., one’s funding is just not uncovered to equities and therefore returns usually are not linked to the inventory market’s efficiency. The rate of interest on PPF returns are set by the federal government each quarter primarily based on the yield (return) of presidency securities.
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