PPF Scheme Latest Update: Many types of schemes are being run by the Central Government, in which you can get good returns by investing money. PPF is also one of them.
If you have also invested in Public Provident Fund, then 5th of every month is very important for you. If you invest money keeping in mind the 5th of every month, then you will get more benefit. This information has been given by the Central Government.
Deposit money on 15th
If you have also invested in Public Provident Fund, then 5th of every month is very important for you. If you invest money keeping in mind the 5th of every month, then you will get more benefit. If you invest in this scheme then you must know that you have to deposit money on 15th of the month. If you don’t do this So the interest for that month is not given to you.
Why is 5th date special?
In PPF you can deposit Rs 1.5 lakh in a year and if you deposit this amount in PPF account on 20th April then during this year you will get interest only for 11 months, but if you deposit this amount on 5th April If you do, you will get a profit of Rs 10,650.
How much interest in PPF?
Interest is available at the rate of 7.1 percent in PPF. Whatever minimum balance remains between the 5th of the month and the last date of the month, interest is added on it in the same month. Any money deposited after the 5th of the month will earn interest from the next month.
Account can be opened only once
Let us tell you that a person can open an account only once in Public Provident Fund ie PPF. At the same time, more than one PPF account opened after December 12, 2019 will be closed and no interest will be paid. Apart from this, there is also a ban on merging multiple PPF accounts.
