Monthly vs Yearly Deposits in PPF (Public Provident Fund)
Monthly vs Yearly Deposits in PPF.. Maximum of Rs. 1.5 Lakh on or before 5th day of April will earn you maximum interest in PPF..
Monthly vs Yearly Deposits in PPF.. Maximum of Rs. 1.5 Lakh on or before 5th day of April will earn you maximum interest in PPF..
The best way to earn maximum interest in PPF is to deposit maximum amount of Rs. 1.5 Lacs in the month of April between 1st to 5th day. This means if you deposit Rs. 1.5 Lacs before or on 5th day of April (start of financial year), you’ll get maximum interest in PPF from April month onwards throughout the financial year.
PPF Calculator Excel helps us in calculating accurate interest including annual compounding. For example, Rs. 10,000 deposited in PPF account after 5th day of April earns you interest from the month of May