Best Date For Public Provident Fund (PPF) Investment

Apr 04, 2023 Rajeev Kumar

If you are planning to invest in Public Provident Fund (PPF) in FY 2023-24, the best dates to do so is between April 1 to April 5. Read on to know why

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Interest on PPF deposits is calculated on a monthly basis and credited to account at the end of FY.

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PPF interest calculation is done on the minimum balance in the account between the end of the 5th day of the month and the end of the month.

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This means, if you invest in PPF account on or before 5th April then your deposit will earn interest for the full 12 months.

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However, even if you fail to invest in PPF by tomorrow, you can make the investment on any day till the end of FY 2023-24.

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As of now, the PPF interest rate is 7.1% compounded annually

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