This article says that "Put your money in a bank fixed deposit that matures by February. On maturity, put it in the PPF account. This way, your money works harder for you."
So if Mr. A invest Rs 10,000.00 in PPF a/c in the month of May '05 and Mr. B invest same amount on March 1st, '06 then both will get same interest on the principal for that year?
I don't think so, it would be like a cut-off date for getting interest for that month. Just like bank have 10th of every month.
No bank fixed deposit gives 8% compounded. Earlier you invest in PPF a/c, more the interest earned. Correct me if I am wrong.
