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PPF WEBSITES:https://www.bankbazaar.com/saving-schemes/ppf.htmlhttps://www.bankbazaar.com/saving-schemes/sbi-ppf-account.htmlhttps://en.wikipedia.org/wiki/Public_Provident_Fund_%28India%29http://www.icicibank.com/Personal-Banking/investments/ppf/ppf-calculator.pagehttp://www.planmoneytax.com/how-to-take-maximum-benefit-from-ppf-account-8-tips/http://profit.ndtv.com/news/cheat-sheet/article-seven-must-know-facts-about-ppf-accounts-322231-----------------------------------------------------------------------------------------------------------------------------8 TIPS FOR PPF ACCOUNT:1- Open PPF Account As Early As PossibleThis only step will make PPF very useful for you. But going to the benefit of this I would like to tell about my experience with PPF. I have been in the servicefrom last 10 year. Unfortunately, in early years no one told me about PPF account. Later I discovered the PPF but procrastinated on it. I was just saying to myself that I had to open PPF account. In this procrastination 2 years passed. Then I started to search for the bank. People told me that I should open account inSBI. But the SBI branch near to my residence was not offering PPF account. Again, I forgot it for one year. Next year when tax saving season was there I went to the main branch of SBI. There the clerk designated for the PPF account told methat he cant open a PPF account as I dont have saving account in SBI. I came back. Again, one year passed. Finally, I opened a PPF account in Bank of Baroda last year. Till then I understood that already I have missed many years. If I could

open PPF account 10 years ago I may get these benefits.Benefit of Opening PPF Account Early:a)My current investment in PPF would have only 5 year lock in period as my PPF account must have completed 10 years.b)I could also withdraw some money for emergency as 7 years limit would have been crossed.2- Schedule Monthly Investment in PPFIt is not mandatory to invest in PPF account every month. Single 500 rupee investment in a year is enough to stay your account active. But to get the most benefit of PPF you must invest regularly. Regular investment is the best saving tip.Give a standing instruction to your bank for monthly transfer in PPF account. Itcan be done online also. This one time instruction will give you a big reward.3- Invest Lump Sum Also

Besides regular investment you should also try to invest in lump sum when you get extra money. You get a bonus, Put some amount in PPF account also. This lumpsum money will make your maturity amount fatter without pinching you . Also moreinvestment means more tax saving. Note, you cant put more money in PPF account than the 80C limit.4- Open Account In Start of The Financial YearIs lock-in period bothering you? Do you want to make it a little shorter? I havea tip for you. Open PPF account in the first 5 days of the financial year. Opening an account before 5 April would be considered the investment of the same year. But if you miss the 5 April date, then your account opening year would be considered from next financial year. You can understand this by below example.Suppose You open your account on 2 April 2014 then your account will mature on 31 March 2030. But if you invest on 7 April 2014 then it will mature on 31 March

2031. But have in your mind that it will never benefit to delay the opening of the account.5- Deposit at the Start of Every MonthEarlier, banks used to give interest on minimum balance between 10 of the monthto last day of the month. Now they give interest on daily balance. But PPF is practicing such tradition yet. PPF will only count the money for interest if it isdeposited before the 5th of the month. So If you want the interest for whole month deposit your sum before the 5th of the month.6- Choose The Bank Which Gives Online Fund Transfer Facility in PPF AccountYou should not miss your regular investment in PPF. Also, you should not have an

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y excuse to break the regularity. The regular online transfer mandate will be very useful in this regard. The online fund transfer facility should be also usedfor the Public Provident Fund. But Unfortunately, today not every bank gives this facility for PPF. Hence, if you are going to open a PPF account, then check ifthe bank has online viewing and transfer facility for the PPF also. Of course you can give standing instruction physically also. But the online facility will give you more ease and less chance of missing investment.To my knowledge these banks give online fund transfer facility for PPF account.

SBI ICICI Bank Bank of India IDBI IOB Allahabad Bank7- Take A Loan From PPF instead of Personal LoanIt may happen that you need money for short periods? Also, you may not have anymortgage offer. Then you would have only option to take the personal loan. But if you have a substantial amount in provident fund account, then you can take a loan against it. The interest rate would also be less. Normally, personal loan interest rate varies from 13-36%. But Interest of loan against PPF would be only 2% more than the PPF Interest rate. It may come around 11%, according to the current rate of PPF.8- Open PPF Account in the Name of Your Child

You plan and your child will enjoy the PPF account which will have only maximum5 year lock in period. Yes, it is possible if you open a PPF account for her, while she is in childhood. Till she becomes adult, first 15 year lock in period would be completed. Afterwards there would be lock-in period of only 5 years. As the minimum investment limit is only 500 per year, so this should not bother you.Further, you can invest money in this PPF account for her study or marriage also. It will give you a double benefit.-------------------------------------------------------------------------------------------------------------------------------------------------------------------Even better, in case you have idle money at your disposal, a single deposit of Rs 1.5 lakh can be put into your PPF account before 5 April, right at the start of the new financial year, to earn interest for the whole year.But if you don't h

ave that kind of lump sum money, make sure you make a a monthly investment before the 5th of every month. Of course, the minimum you can invest in PPF is Rs 500a month.---------------------------------------------------------------------------------------------------------------------------------------------------------------------