PPF investment – Pros and Cons PPF had been a great investment option with a low risk and assured returns. The account can easily be opened with scheduled banks – SBI, ICICI, etc. and with the Post Offices. The account opening procedure is quite similar to that of opening a Savings Account. The Rate of Interest starting Apr 01, 2020 is fixed at 7.10% by the government. It is better than the fixed deposit interest rate which is 4.90% p.a. in SBI (w.e.f 10-09-2020 for 1 year term FD for General Public for deposit below INR 2 crores). SBI deposit rates here - https://sbi.co.in/web/interest-rates/deposit-rates/retail-domestic-term-deposits PPF offers following benefits: · Risk free investment. · Returns are better than Fixed Deposits. · Interest earned is Tax free. · The inves...