look news india
Public Provident Fund Broadly speaking, investing in the PPF scheme not only provides future security but also offers the benefit of tax exemption. But definitely your investment should be completed by 5th April to get more benefits. Otherwise there will be a lot of loss.
Public Provident Fund is a scheme run by the central government that offers high returns with zero risk. Interest on PPF is calculated on the 5th of every month. If you want to deposit a large amount at once, then you should complete it by April 5. Only then the interest amount will be paid. At present the central government is giving 7.1 percent interest on PPF. PPF is for a period of 15 years. If you invest at the rate of Rs 1.5 lakh annually, you will get Rs 18.18 lakh as interest for 15 years. But the investment should be completed by April 5 every year.
If someone deposits after April 5, that person will get only Rs 15.84 lakh interest. That means a loss of Rs 2.69 lakh. If money is invested in the PPF account on April 15, interest will be calculated on the balance from April 5 to April 30 as per PPF rules. Therefore, no interest will be charged on the amount deposited after April 5. At present the government is giving 7.1 percent interest on PPF. Interest is calculated and paid on the account balance by the 5th of every month. so if you ppf If you want to deposit money then you will have to do this till 5th.
