PPF Investment: For those who want to live a comfortable retirement life without financial challenges at the time of retirement, one of the best options, Public Provident Fund (PPF) can also be a good option if some things are taken care of so that some things are taken care of so that interest income can be taken well.
The fifth of the month is extremely important for investment in PPF. If the investment is made before the fifth date, the interest of the entire month is earned. Therefore, the duration of investment in PPF should be decided five days in advance.
PPF investment is important to save tax
PPF investment is important for safety and tax savings. Monthly investment in PPF should be deposited by 5th of every month. So that you get interest for the whole month. Along with investment in PPF, maturity amount and interest are also tax-free. This fund is suitable as a long -term safe investment source. Rupee. Tax deduction of up to Rs 1.50 lakh is also available.
This is how PPF is calculated
If a person invests in PPF account by 5th of the month. Therefore, the interest rate on his deposit is applicable from next month itself. If the investment is made after the fifth date, it will get only 25 days interest.
Suppose you deposit money. On 5 April 2025, PPF account will deposit Rs 1000. 1.5 lakh rupees have been deposited. In which Rs 7.1 percent interest rate is Rs. You will get an interest of 10650. If the entire transaction is done after April 5, then the interest rate will be available only for 11 months. Accordingly, at the end of the year Rs. 9762.50 will be interest.
If you are investing in the post PPF, then definitely do this, otherwise the reduction in earnings will be first appeared on News India Live | Breaking India News, The Indian Headline, India Express News, Fast India News.
