TIPS FOR PUBLIC PROVIDENT FUND (PPF) ACCOUNT HOLDERS
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)
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)
Do not close your PPF account immediately on retirement & draw the corpus. Manage with other retiral benefits i.e. EPF, for a few years. At the time of retirement, extend by another 5 years (With no contribution). The difference in corpus is close your 15 year contribution! (2/n) 
Maximise benefits from your PPF contributions, based on interest calculation dates. If you invest
- 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)
- 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)
Where to open?
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)
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)
