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PPF ACCOUNT CHANGES IN BUDGET 2020

Below changes have come into effect as per PPF Scheme 2019:

a) Number of deposits has now increased from 12 to infinite (in multiples of INR 50), total yearly limit stays the same (1.5 lacs)

b) Premature withdrawal now allowed in case of medical emergency or funding higher education, at the cost of 1% reduction in interest on the acrued capital

c) In case one take loan against PPF amount, you would need to pay an additional 1% interest on what PPF is paying you. As per current scenario, it will come as 8.9% (7.9+1) which is the chapest loan one can get across the market.

These changes will definitely make it more appealing to conservative, less risky investors.

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THESE STOCKS WERE RUINED THE WEALTH OF INVESTORS