Your uncle wants to invest money in Public Provident Fund. Guide him t

1.	Your uncle wants to invest money in Public Provident Fund. Guide him three advantages and three disadvantages of this scheme.
Answer» PPF Advantages: i. Deposit qualifies for tax rebate. ii. Interest earned is tax free. iii. Loans may be awaited between 3^rdto 6^th financial year PPF Disadvantages: i. Long term scheme ii. Poor liquidity (Pre mature withdrawal is from 7^th year) iii. Pre mature closure is allowed only after 5 year.

Your uncle wants to invest money in Public Provident Fund. Guide him three advantages and three disadvantages of this scheme.

Answer»

PPF Advantages:

i. Deposit qualifies for tax rebate.

ii. Interest earned is tax free.

iii. Loans may be awaited between 3^rdto 6^th financial year

PPF Disadvantages:

i. Long term scheme

ii. Poor liquidity (Pre mature withdrawal is from 7^th year)

iii. Pre mature closure is allowed only after 5 year.

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Your uncle wants to invest money in Public Provident Fund. Guide him three advantages and three disadvantages of this scheme.

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