If you are late, you will miss the opportunity. If you put money in the Public Provident Fund (PPF) before April 5, the amount of profit will be the highest. Find out how this scheme will work.
Depositors will be able to avoid income tax by investing in Public Provident Fund (PPF) in the new financial year. With he will get 7.1 percent interest. Many people put money in this government scheme. The scheme offers risk-free investment as well as financial security. Investors should invest before April 5 to get the most out of the public provident fund. Those who are planning to invest in installments should also do this before the 5th of every month. Find out how much more money you will get if you invest in PPF before 5th.
The sooner you put money into this government scheme, the more benefits you will get. If you put 1.5 lakh rupees in this account every year, you will become a millionaire in 55 years. This means that you will get this money 5 years before retirement.
As per the rules, interest is calculated on the money in the account on 1st to 5th of every month. If you deposit money in PPF account within 5 days, you will get interest for that month. If you deposit this deposit on 7th then the customer will get interest next month.
As per the rules, you can deposit a maximum of Rs 1.5 lakh per annum in PPF. If you want this whole money, the depositor can get income tax exemption. In that case you have to deposit the full amount between 1-5 April of the start of the new financial year. Otherwise this money has to be deposited in the account by the 5th of every month. Only then the customer will get tax exemption on full money.
The sooner you put money into this government scheme, the more benefits you will get. If you put 1.5 lakh rupees in this account every year, you will become a millionaire in 55 years. This means that you will get this money 5 years before retirement.