If I get the PPF account for this financial year (2008-2009) for 70000 Rs(Investing 70000rs every year), how much do I get at the end of 15years. how do teh interest calculation is done
Re: Re: Re: how to calculate the PPF account
by Guest on Dec 11, 2008 11:39 PM Permalink
if you invest Rs. 70000 per year, you will get Rs. 1900647.00 at the end of 15 years. Interest calculation is done annually end of march on monthly products. ie balance as on 5th of each month is taken as the eligible amount for the month. remittances paid after 5th will not be eligible for interest during the month.
Re: Re: Re: how to calculate the PPF account
by Guest on Dec 11, 2008 11:36 PM Permalink
if you invest Rs. 70000 per year, you will get Rs. 1900647.00 at the end of 15 years. Interest calculation is done annually end of march on monthly products. ie balance as on 5th of each month is taken as the eligible amount for the month. remittances paid after 5th will not be eligible for interest during the month.
