Which month is best for opening PPF account?

There is no specific due date as to when you should deposit money in a PPF account. However, it is beneficial for you to deposit money between 1 April and 5 April of a financial year.

What is advantage and disadvantage of PPF account?

Lower returns than Mutual Funds, NPS: Mutual Funds and NPS have an equity component and hence have given higher returns than PPF in the long term. Less flexible: PPF has limitations on withdrawals. It allows withdrawals from the 7th financial year after the year of account opening.

What are the benefits of investing in PPF account?

PPF Benefits: Advantages of Investing in a PPF Account Investing your idle money in a PPF account can prove beneficial in the long run as the scheme is backed by government and offers stable returns. You can start saving via PPF and build a corpus which can be used post-retirement as well as for a future goal.

Should you invest your idle money in PPF?

Investing your idle money in a PPF account can prove beneficial in the long run as the scheme is backed by government and offers stable returns. You can start saving via PPF and build a corpus which can be used post-retirement as well as for a future goal. Read on to know the tax benefits of investing your money in PPF among others.

Can I Close my PPF account prematurely?

Premature closure for your PPF account is permitted but only under certain conditions. If you close your account prematurely, you will receive 1\% lower interest than the prevailing rate. The first and foremost condition is that your PPF account should have completed at least 5 years from the date of account opening.

What is Public Provident Fund (PPF)?

Public Provident Fund ( PPF) is one of the most popular long-term saving schemes which focuses on inducing small savings like investments and accrue returns on the same. As a saving scheme by the government, PPF gives an agreeable rate of interest and returns on investments.