Public Provident Fund Vs Atal Pension Yojana
The PPF is long-term tax saving scheme launched by the Indian government with the aim of endowing the unorganized sector with the social security cover and no age limit. And, the APY scheme is introduced with the aim of proving Income security to the senior citizens of India and subscriber should be in age group in 18 years to 40 year.
The PPF scheme includes the maturity duration of 15 years whereas duration totally depends upon the time of joining in the APY Scheme.
Minimum Amount in PPF is Rs 500 and the maximum 1.5 lakh rupees per year.In In APY, a person can opt for a minimum pension of rs 1000 per month to a maximum pension of rs 5000.
No early withdrawal is allowed in APY.PPF allows the subscriber to withdraw half of the accumulated amount in case of urgent monetary requirements.