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Public Provident Funds: The PPF scheme offers assured returns and tax benefits under Section 80C of the IT Act. Minimum investments of Rs 500 and a maximum of Rs 70,000 annually are entitled to tax benefits under Section 80C. The lock-in period is 15 years with withdrawals allowed only after the 5^th year.

Rate of Interest: 8 percent p.a.; tax-free Read more…

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