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.

The post PPF Scheme: Big news for investor! Invest before this date, otherwise you will get interest only for 11 months first appeared on Rightsofemployees.com.

This is such a scheme of the government, in which the investors get a fund of lakhs of rupees at once. Today we will tell you how you will get full 42 lakh rupees in PPF scheme. Yes… Along with government guarantee, money security is also available in this. Public Provident Fund is a best option.

PPF is the best option for investment

PPF Scheme is the best option to invest money according to long term. You can invest up to Rs 1.5 lakh in it every year. In this you get the facility of compounding interest. Along with this, the ups and downs of the market do not have any effect on such government schemes.

How to get 42 lakh rupees

if you invest 5000 rupees every month in PPF scheme. So your investment for the whole year will be Rs.60,000. If you invest it for 15 years, then your money on maturity will be 16,27,284. If you extend the deposit for the next 10 years in a term of 5-5 years, then after 25 years your fund will be around 42 lakhs (Rs 41,57,566). In this your contribution will be Rs 15,12,500 and interest income will be Rs 26,45,066.

Where can you open an account?

You can start investing in the Public Provident Fund scheme with a minimum of Rs 500. You can open it from your nearest post office or bank anywhere. From January 1, 2023 onwards, the government is giving the benefit of interest at the rate of 7.1 per cent in this scheme and the maturity of the PPF scheme is in 15 years.

There is also a chance to increase it in the block.

In this scheme, account holders can apply to increase it in blocks of 5-5 years. In this, he also gets the option of continuing the contribution or not.

You can also apply for loan, you also get the benefit of tax exemption in PPF scheme. In this scheme, you can take advantage of tax exemption under section 80C. The amount earned through interest in this scheme is also tax free. After completion of 5 years in this scheme, you can also apply for a loan.

The post Public Provident Fund: By depositing Rs 5000 every month, you will get Rs 26,45,066 only from interest, know how? first appeared on Rightsofemployees.com.

PPF Scheme Latest Update: There is great news for those who open PPF account. If you are also going to open an account in Public Provident Fund, then there is great news for you. Now you will get the benefit of double interest. Information about this has been given by the government. Even today Public Provident Fund Scheme (ppf scheme) is the best option to invest money.

In this, along with better returns, there will be a huge benefit on maturity. Let us tell you how you will get the benefit of double interest-

Will get discount up to 1.5 lakh

PPF investment has been placed in the EEE category. This means that all three investment, interest and maturity amount are completely tax free. If you invest in PPF scheme, you get a deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act.

You get the benefit of double interest

If you are married and you open an account in this scheme with your partner, then you can double your investment. In this way you get the benefit of interest on both the accounts.

Know what is the opinion of the expert?

According to the information received from the expert, you have two options for investing in PPF. You can deposit Rs 1.5 lakh in your account and Rs 1.5 lakh in the account opened in the name of your partner. In this way you will get the benefit of double interest on 2 accounts. At the same time, you can also take tax exemption up to Rs 1.5 lakh on any one account. In this case, the limit of your PPF investment will be doubled to 3 lakhs.

Both accounts will be tax free

Whenever you open a PPF account in the name of your partner, both your accounts will be tax free. Along with this, you will get the benefit of interest on both the accounts. Under section 64 of Income Tax, income from any amount or gift given by you to your wife is added to your income.

Married couples will get double benefit

If you are also married then you will get the benefit of double interest in Public Provident Fund Scheme. Explain that when the PPF account of married couples matures, then the income from the initial investment in your partner’s account will be added to your income on a year-by-year basis. This quarter, the government has fixed the rate of 7.1 percent.

The post PPF Double Interest: Good news for PPF investor! Now you will get double interest, government announced…! first appeared on Rightsofemployees.com.

If you have also invested money in the PPF Update scheme or have a plan to invest, then now the Central Government has made a big change in the rules of this scheme. Many schemes are run by the government for the general public. The government keeps on making changes in government schemes from time to time. If you do not know about these new rules on time, then you may have to suffer a lot. Let us tell you that now what changes have been made by the government in the rules of PPF scheme.

You can invest in the scheme even with less rupees

If you have invested money in this scheme then there is good news for you. You can also take advantage of this scheme in less money. Your money is safe in such schemes. In this, the government is getting the benefit of 7.10 percent interest.

Money is deposited once a month, you can invest up to Rs 500 in PPF in at least 1 year, if you deposit up to Rs 1.5 lakh in PPF in 1 year, then you get the benefit of tax exemption. So you can deposit money in this every month

Account will not be closed even after 15 years, investment in it gets closed after 15 years. But if you want to invest more in this, then you can invest in this scheme even after 15 years, but then you can withdraw the money only once in 1 year.

How to open account

You have to submit Form-1 to open PPF account. If you want to invest even after 15 years, then you have to apply in Form-4.

Getting the benefit of loan

You can easily get loan on PPF account. You get a loan of only 25% of the money in your PPF account.

The post PPF Scheme Rules Change: Government made major changes in PPF Scheme, If your money is also involved then know the new rules! first appeared on Rightsofemployees.com.

Best option for long term

PPF Scheme is the best option to invest money according to long term. You can invest up to Rs 1.5 lakh in it every year. In this you get the facility of compounding interest. Along with this, the ups and downs of the market do not have any effect on such government schemes.

How to get 42 lakh rupees

if you invest 5000 rupees every month in PPF scheme. So your investment for the whole year will be Rs.60,000. If you invest it for 15 years, then your money on maturity will be 16,27,284. If you extend the deposit for the next 10 years in a term of 5-5 years, then after 25 years your fund will be around 42 lakhs (Rs 41,57,566). In this, your contribution will be Rs 15,12,500 and interest income will be Rs 26,45,066.

Where can you open an account?

You can start investing in the Public Provident Fund scheme with a minimum of Rs 500. You can open it from your nearest post office or bank anywhere. From January 1, 2023, the government is giving the benefit of interest at the rate of 7.1 percent in this scheme and the maturity of the PPF scheme is in 15 years.

There is also a chance to increase it in the block.

In this scheme, account holders can apply to increase it in blocks of 5-5 years. In this, he also gets the option of continuing the contribution or not.

You can also apply for loan, you also get the benefit of tax exemption in PPF scheme. In this scheme, you can take advantage of tax exemption under section 80C. The amount earned through interest in this scheme is also tax free. After completion of 5 years in this scheme, you can also apply for a loan.

The post PPF Scheme: Good news! Now Government is giving full 42 lakhs directly to your account, check details first appeared on Rightsofemployees.com.

PPF Scheme Latest Update: Various schemes are run by the Central Government for the general public. PPF Scheme is one of those schemes, in which you get huge benefits by investing money. There is no risk of sinking money with guaranteed returns in government schemes. Those who invest money in Public Provident Fund will now get a big benefit from the government. The government has issued a big update regarding this scheme.

How much will be the benefit of interest?

At this time, you get the benefit of interest at the rate of 7.1 percent in this scheme. The special thing is that in this you get the benefit of compound interest. Interest rates are fixed every year by the Ministry of Finance, which is paid on 31 March. That is, this time on March 31, money is going to come in your account from the government. Let us tell you that the interest is calculated on the 5th of every month.

You can start with 500 rupees,

let us tell you that in this scheme a person can start with 500 rupees. At the same time, in the financial year, you can invest a maximum of Rs 1.5 lakh in it. Not only this, in PPF you also get the benefit of loan and partial withdrawal facility after a certain period.

Tax exemption on PPF

You get the benefit of tax exemption on PPF. The interest received in this and the money received on completion of maturity, all three are completely tax free.

Can I withdraw money in PPF midway?

Let us tell you that you have to invest in PPF for 15 years, but if you have invested money, you can withdraw it only after 6 years. Partial withdrawal facility is available in the PPF account, which can be availed from the 7th financial year.

The post Good news for PPF Investor! On March 31, the central government will transfer money to the account! first appeared on Rightsofemployees.com.