 "PF, mutual funds, investments, housing")
Good news for subscribers of the public provident fund (PPF). You may soon be able to close your PPF account prematurely as the government is looking to provide flexibility to investors to deal with financial exigencies. On Tuesday, the finance ministry proposed changes in the Finance Bill, 2018 to allow premature closure of Public Provident Fund (PPF) accounts. Currently, premature closure of PPF account is allowed only under specific conditions such as expenditure towards medical treatment and higher education.
What this means to PPF subscribers
The Public Provident Fund (PPF) is one of the best methods to save on taxes
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