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