Recently the RBI changed the limit of investing in ppf from a maximum of Rs 70000 to Rs 100,000.
This is a huge boon for all people in India and everyone should try and maximise the limit.
The first rule of investment as I have always said is to max the ppf limit, even before investing in equity or other types of funds.
Ppf is completely risk free and tax free. So a 8% is actually around the 10.5% pre tax return with Zero risk!
The impact of saving Rs 30,000 per annum additionally to your retirement or Childs education planning is huge.
This also goes directly to your Rs 100,000 limit of 80c tax benefits.
Don't wait.. Go ahead max it up and sleep well!
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