PPF

This year can be termed as an investment year. Came to the avenues available for tax exemption. PPF or Public Provident Fund is an excellent investment option for those who look for tax emption as well as long term wealth creation. A PPF a/c can be opened in any of State Bank groups or in post office. 8.5% cumulative interest is given. Minimum amount that can be invested is 500 rupees. Max is 70,000 rupees. Experts say for long term wealth creation, we should exhaust this investment option. A 70,000 investment in PPF for 15 yrs will yield you 20,00,000 in 16th year. Also this is not taxable.