This shall be a ongoing tweet thread, with some thought process & tips added progressively for maximizing benefits from PPF.
Let us use this as a learning opportunity. So bring out your experiences/thoughts as well.
(1/n)
- Monthly basis, do so before 5th of every month
- Lump sum, do before April 5th of every year
5 of every month is the cut off for calculating interest on accumulated corpus.
(3/n)
Post office and Banks (SBI, ICICI, Axis, HDFC, Central Bank of India etc). Check with the nearest bank. Some banks provide online tranfer of contribution.
How to open?
Application form, photos & ID/Address proofs. Go to bank/PO, they guide further.
(4/n)