PPF-Sukanya Investment: The new financial year has started and if you want to manage your personal finance in a better way, then start it from today itself. Recently, the government has announced interest on small savings schemes for the April-June quarter. In the era of rising inflation, we expected that the government would increase the interest in small savings schemes.
PPF scheme attractive despite no hike in interest rates
As per our expectation, the government has increased the interest on maximum small savings schemes, but at the same time, the government has not made any change in the interest on PPF. Despite no increase in interest, the attractiveness of the PPF scheme still remains.
The main reason for the PPF scheme being popular in small savings schemes since its inception is that the interest earned on this scheme is completely tax free. There are only two schemes in the Small Savings Scheme on which the interest received is tax free. Paheli PPF and other Sukanya Samriddhi Scheme.
In this way you will get maximum benefit on PPF and Sukanya scheme
In PPF, the annual interest rate of 7.1% has been kept unchanged in the April-June quarter. But in Sukanya Samriddhi Scheme, the annual interest rate has been increased to 8%. Government has not made any increase on the interest of PPF but if we do a small work then we can earn maximum interest on PPF and Sukanya Samriddhi Scheme. All we have to do is deposit whatever deposits we are planning to make in this financial year by 5th April. Here let us tell that minimum ₹ 500 and maximum ₹ 150000 can be deposited in PPF in a year and minimum ₹ 250 and maximum ₹ 150000 can be deposited in a year in Sukanya Samriddhi Scheme.
Interest is calculated on the minimum balance from the 5th to the end of the month
The main reason for depositing on or before the 5th is that the interest in PPF and Sukanya Samriddhi Scheme is calculated on the minimum balance as on the last day of the month from 5th. This means that the amount deposited after the 5th is not eligible for interest for that month. Therefore, if you want to earn maximum interest on PPF and Sukanya Samriddhi Scheme, then make your investment by 5th April. Girl travels in Delhi Metro wearing bikini, photo-video viral; such comments came