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Which of the following statements about the Public Provident Fund (PPF) is incorrect?
Question

Which of the following statements about the Public Provident Fund (PPF) is incorrect?

A.

The maturity period of PPF is 15 years.

B.

PPF offers loan facilities after 3 years.

C.

PPF accounts can be opened by NRIs.

D.

PPF interest rate is determined by the government quarterly.

Correct option is C

NRIs are not eligible to open PPF accounts as per current rules.

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