How to Make PPF Work Like A 5-Year FD With Withdrawal and Tax Benefits?

One of the popular small savings schemes in India is PPF- Public Provident Fund, which has an "EEE" (exempt-exempt-exempt) tax status. It means that the deposits made towards it, interest earned and the maturity amount, are all tax-free. However, you should note that there are some limits like:

• Tax exemption is only up to Rs 1.5 lakh a year within the section 80C limit.
• Even investments in PPF in the name of child or spouse are only exempt up to the section 80C's yearly limit.
• You can only make partial withdrawals after completing 6 years, however, these are also tax-free.

{photo-feature}