New Delhi: Many people are facing financial difficulties due to lockdown due to global epidemic coronavirus. The Public Provident Fund (PPF) account can help a lot. But many people do not know about the benefits of this account. We are going to tell you about the benefits of PPF account today. PPF accounts are operated in banks and post offices and the money deposited in them is guaranteed by the Government of India.

The biggest feature of PPF account is that you can take a loan based on the amount deposited in it. The interest that has to be paid on this loan is much less than a personal loan, gold loan and other types of loan. Therefore, you can take a loan in lieu of the amount lying in a PPF account. tax and investment adviser Manikaran Singhal said that only one percent interest has to be paid on the amount deposited in PPF. However, one thing to be kept in mind here is that the loan will be available only on the basis of the amount deposited in the account. 

However, there are also terms and conditions which have to be followed for taking a loan from a PPF account in this way. The first rule is that the PPF account must be at least three years old. The second rule is that the loan will be available only between three years to six years of the account. If you have opened a PPF account in December 2017, then you can take it from 2019 to 2022 only. The third rule is that you will get only 25 percent of the total amount deposited in the account as a loan. It will be calculated based on the amount deposited after two years if you have taken a loan in the third year.

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