Alternatives to PPF
If you’ve maxed out your PPF contribution limit and seek additional investment options, consider exploring,
- Senior Citizen Savings Scheme (SCSS): Offers higher interest rates than PPF but is restricted to individuals above 60 years.
- National Pension System (NPS): Promotes retirement planning with market-linked returns and tax benefits.
- Mutual Funds: Provide diverse investment options with varying risk-return profiles.
Can I have 2 PPF Accounts?
No, You Cannot Have 2 PPF Accounts in Your Name. The Public Provident Fund (PPF) is a popular investment scheme in India, known for its attractive interest rates and tax benefits. But can you leverage these benefits by opening multiple PPF accounts? Let’s delve into the regulations and explore any exceptions.