InvestorQ : I heard that PPF accounts can be used for taking loans. Is this true?
riya Ranade made post

I heard that PPF accounts can be used for taking loans. Is this true?

Answer
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3 years ago
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Yes, this is 100% true. Not only do you start saving for your retirement via a PPF account, you also get a readymade collateral to get a loan.

Thus, by opening a PPF account you can also avail of a personal loan against your PPF contribution or the balance in your account.

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