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How to deposit money online in your Post Office PPF account
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The Post Office public provident fund (PPF) is one of the popular tax-exempt and risk-free savings instrument. From 1st April, investment in PPF fetches return at 7.1 %, that is 80 basis points lower compared with the interest rate of 7.9% paid in the January-March quarter.
The Union Government has reduced the interest rates on small savings schemes by 70 to 140 basis points for the year 2020 during April-June quarter.
Post Office account holders can deposit money online through India Post Payment Bank (IPPB) app. So, in this time of coronavirus when everyone is practicing social distancing, post office PPF account holders can deposit money in their PPF account through IPPB's user-friendly platform which helps in carrying out the
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