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what is the biggest disadvantages of SBI PPF account?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 preetham asked almost 3 years ago

what is the biggest disadvantages of SBI PPF account? Is there any other SBI scheme compare to this scheme?

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 veeru answered over 2 years ago

Moreover, the rate of interest allowed on PPF account has been less than the inflation rate for number of years recently, and thus, some consider these to be negative returns. [Inspite of these drawbacks, PPF is considered as the top scheme for the investors who wish to save tax through Section 80C or earn tax free interest]

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 narahari answered over 2 years ago

It is a long term investment, and thus people who are ready to block the funds for longer tenure should opt for this scheme. Although part withdrawals and loans are allowed, yet these are available only as a small percentage of the total balance. Thus, PPF scheme is considered as illiquid.

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