PPF Calculator: The Public Provident Fund (PPF) is generally considered as the most preferred retirement-oriented investment scheme in India. However, if investors use the PPF calculator and some investment tricks at the same time, the chance to fetch more money from this excellent government backed scheme increase! As per the PPF rules, the interest rate is calculated on the minimum balance available in account in between 5th to the last date of the month. Therefore, tax and investment experts are of the opinion that PPF investment strategy should be to invest in the PPF account between the 1st to 4th date of every month!

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Highlighting the PPF interest calculation and what do the PPF rules say in this regard, Manikaran Singhal, a SEBI registered tax and investment expert said, "A PPF account holder can invest from Rs 500 to Rs 1.5 lakh in one's PPF account. The monthly interest incurred on PPF account is calculated on the minimum balance left in the account between 5th to the last day of the month. So, to maximise PPF interest returns, one needs to invest before the 5th of the month." 

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On the reasons that make people invest in PPF, Kartik Jhaveri, Director — Wealth Management at Transcend Consultants said, "PPF investment is a risk-free investment and the government of India announces interest rates on PPF on a quarterly basis. Currently, the interest rate on PPF is 7.1 per cent." Jhaveri said that PPF investment helps an investor to claim income tax exemption benefit on up to Rs 1.5 lakh investment under Section 80C of the Income Tax Act. However, Jhaveri said that there are several other rules that an investor might not be aware of and PF interest rate calculation is one of them. He said that if a person knows about the PPF interest rate calculation, PPF account returns can be maximised.