Public Provident Fund ie PPF is also one of these schemes. If you have also invested in PPF (Public Provident Fund), then you should keep this date in mind.
PPF Scheme Latest Update: All kinds of schemes are run by the Central Government for the middle class. By investing money in these, you get a guarantee of safety along with good returns. You can also get good returns in the long term by investing money here. Public Provident Fund ie PPF is also one of these schemes. If you have also invested in PPF (Public Provident Fund), then you must keep in mind the 5th of every month. Yes, you will get more benefit if you invest money keeping the 5th date in mind. Information about this has also been given by the Center.
It is necessary to deposit money by 15th
If you invest in PPF, then you should know that you are required to deposit money by the 15th of the month. If you do not do this, you will not get the interest for that month. You can deposit up to Rs 1.5 lakh annually in PPF. If you deposit money in PPF account around 20th, then understand that you will not get the interest for that month. If you deposit money on or before April 5, then you will get even more benefit from it.
PPF interest rate
Based on the review done by the Finance Ministry in the June quarter, interest is currently being paid on PPF at 7.1 percent per annum. The Finance Ministry has not changed the interest rate of PPF for a long time. Let us tell you that whatever is the minimum balance between the 5th of every month and the last date of the month, interest is added in the same month. If you deposit money after 5th, then you will get interest on it for the next month.
How many accounts can be opened
If you want to open a Public Provident Fund account, then let us tell you that a person can open an account only once. If you are already operating two accounts, then according to the decision taken by the government, more than one PPF account opened after December 12, 2019 will be closed. Also, no interest will be given on such an account. Apart from this, merging of multiple PPF accounts is also prohibited by the government.
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at informalnewz@gmail.com
