How exactly is interest calculated ?
by Anand on Nov 10, 2005 09:21 PM Permalink | Hide replies

I want to know whether the information on "How govt calculates interest for PPF",
is correct.

There is one reply to this article saying this information is wrong.

If this is the case as you told, everybody will deposit money
in PPF in february only.

Please clarify this for me. This is very important for me, as I have
surplus money and I am not able to decide whether I should deposit
that in PPF now or in February.

Thanks in advance.

-Anand

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RE:How exactly is interest calculated ?
by Bhaskar on Mar 05, 2007 03:18 PM Permalink
I agree with Anand.
pls somebody clarify

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Re: RE:How exactly is interest calculated ?
by Rajasekhar on Sep 02, 2009 06:14 PM Permalink
To get maximum benefit out of PPF you should deposit in the month of April Preferably before 5th. PPF is calculated based on number of days the money is in the account.

Ex If you deposit 10000 on April 1 2009
On April 1 2010 your money will become 10800.
If you deposit 10000 on October 1 2009 , On April 1 2010, your oney will become 10400 only.

I think this will make it clear

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