4 responses to “Maximize your PPF interest income!”

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  Jeyaram September 8th, 2009 at 16:29

  Thanks for this info. I have read some where long back that within a year , if PPF is remitted on monthly basis, interest is accrued for the period , as against doing it in late March. Pl confirm if this correct.

  I deposited some amount in my PPF account in Aug and Sep, Bank counter informed that interest for PPF will be done annually , based on March 31 balance. Does it mean that remittance during the course of the year will NOT fetch any addl interest?PL clarify, Thx

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  premsagar September 9th, 2009 at 22:51

  Hello Jeyaram,
  No, you will GET the interest for the entire period.

  If you invested 40K in Aug and 30K in Sep, you will get interest on 40k for Aug-Mar and on 30k for Sep-Mar period.

  But the money is credited into your ac only in Mar.
  Hope that helps.
  Prem

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  Jeyaram September 10th, 2009 at 19:26

  Thanks for the response. Hope the interest rate is the same 8% for the within FY period.

  Jeyaram

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  premsagar September 10th, 2009 at 19:33

  Yeah. It is calculated @ 8% annually.