Home Breaking News Where to Invest in PPF and Sukanya Prosperity Plans, Expert Opinion

Where to Invest in PPF and Sukanya Prosperity Plans, Expert Opinion

Even today, parents spend more on child education and marriage in India. Therefore, all parents want to invest in a project that has more of an income. January 2015 ‘Sutinya Prosperity Project’ was launched under the ‘Beti Bachao Beti Padao’ campaign. Today it is one of the best projects for girls. In such a situation, the question arises as to which is the most beneficial scheme in the Sukanya Prosperity Plan and the PPF.

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According to experts, we should not spend all our money on the Sukanya prosperity project. A little money should be invested in the public futures fund. We get 7.6 per cent interest on the Sukanya Samriddhi scheme, while the PPF has an interest rate of only 7.1 per cent. The interest rate is revised every four months. According to financial expert Barvaraj, ‘When you have to choose between PPF and Sukanya prosperity plan, I want to choose the Sukanya prosperity plan. This is because we earn more than the PPF. Hope this continues in the future. ‘He said,’ If you have invested in PPF for 15 years it will give you a better option. But that is why one should invest a portion of their earnings in PPF.

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Under Sukanya Samriddhi scheme, an account can be opened in the name of a girl child. We can pay by monthly or annual installments. It cannot be invested after 15 years. But you will continue to get interested. But the money can be withdrawn only after the girl is 18 years old. The PPF and Sukanya Prosperity Scheme is tax deductible under 80C.

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