Very well elucidated. The speaker spoke unhurriedly and explained in detail all the aspects. Kudos to Team ET Money. Special thanks to the speaker for his clarity in speech.
Withdrawal query: Video says we can withdraw 50% of prev year closing balance. Whereas I was told that it is 50% of 4 year earliers closing balalnce. Please clarify.
@@ETMONEY I went to SBI and they gave me only 50% of what I had on 31st March 2018 saying you can withdraw this much amont. Kindly Confirm if it's not true I would visit them.
This is a headache. Three sources are giving three different information 1. www.cnbctv18.com/personal-finance/are-ppf-withdrawals-taxable-in-india-9860961.htm says that its simply 50% of the amount accumulated in the account at the end of the previous financial year 2. www.livemint.com/money/ask-mint-money/ppf-partial-withdrawal-premature-closure-rules-explained-11626578171960.html says the amount which you can withdraw from your PPF account shall be restricted to higher of fifty per cent of the balance standing at the end of the fourth year immediately preceding the year of withdrawal or at the end of the preceding year. 3. And in complete opposite, article economictimes.indiatimes.com/wealth/invest/how-to-partially-withdraw-from-your-ppf/articleshow/67205654.cms?from=mdr says that the total amount eligible for withdrawal in a particular financial year is the lower of: a) 50% of the PPF account balance at the end of the financial year, preceding the current year, or b) 50% of the PPF account balance at the end of the fourth financial year, preceding the current year. So one is saying 50%, the other is saying lower while the third source is saying higher. Please have a check and do share if you have a better source/info on the same. Thx
Team ET Money, how are you so good!!?? Covering all the aspects of a topic in depth with such clarity & fluidity within 17 minutes, consistently every video after video, must surely require tons of expertise and efforts. Thank you very much team ET Money!
Thank you Kunal Mathuria. We are investors ourselves (a lot like the viewers we create content for), so it becomes very easy to bring out relevancy in the content. Afterall the problems, dilemma and curiosity that others face is the same that we go through.
@@ETMONEY hi ETMoney, can you please respond to my comment I posted couple of days ago. I want to know what’s the rule to withdraw money for a NRI. Can a NRI withdraw the money before maturity?
Dear ETMoney, Have a question. I'm currently in NRI status and didn't open any PPF a/c. Planning to come for vacation and stay for 3 months in India and come back. During my vacation days Can I open PPF a/c & later continue as NRI?. What is the open option for me . Please assist
Thank you. In the event of the death of the PPF account holder, the balance amount in the PPF account will be paid even before the completion of 15 years, to the nominee or legal heir of the deceased person
Hi thanks for clarity on how much i can put minimum every year, also please correct me the amount which i have added this year and the amount which i have received with interest in last year 31st march, and the total amount will be calculated with interest on 31st march and added to my account correct?
This is just so wonderful. I'm still a new PPf Subscriber having started in March 2021 and knew some of the basics. But still, hatsoff to the team for coming up with this video which showed how much brains has gone behind a simple scheme like PPF and I'm sure the knowledge gained has been nothing short of an eye-opener. Great job and looking forward to more such videos. On a side note, I've even started my investment journey through ET money after getting impressed by their informative videos.
Suddenly after seeing this video it came to my mind that if we plan in a better way instead of keeping all emergency funds in FD if 5 years of PPF is nearing or completed we can see it an option to keep some part of emergency funds in ppf as we can withdraw 50%
As usual another informative video. Just to know more on this, I always belive it is a great financial instrument for the government to raise money considering the lock-in period. The only problem for people like us is the lowering interest rate since 2010. If the government increase the interest rate and also increase the cap (1.5 lac to 2lac) then there will be good fund raising from this financial instrument. And yes this they can do gradually. Also for a retail people like us this will give more benifits like EEE benefit with higher rate of interest and higher cap. A win-win situation for both and may be good for economy.
Thanks. The story we heard was that the original retirement vehicle that the Government of India had designed was the Employee Provident Fund. But then it saw that there are millions who don't fit in this EPF framework as they are self employed or in very small organizations (say 4-5 members). For this, the PPF scheme was created in 1968. So, thats a little history
What a clear and lucid explanation.... this has cleared many doubts of mine and hopefully of other investors also... thanks ET Money and Shankar Nath in particular for creating such a useful stuff... thanks :)
IMHO PPF or any fixed returns scheme like FD etc should only be considered by someone having a big corpus and wants to diversify. These instruments don't even beat inflation. They offer no upside. The only benefit is the downside is capped, and you know for certain how much money you'll have at a certain point in the future. (Hint - over 30 years, you'll lose approx 30% of your money, adjusted for inflation. I'm 32, I'm just building my corpus, and this is a senseless investment for me. Mutual Fund SIP and Retail Equity investing are better ways.
Good one! Thank you so much! Would you please clarify if I can deposit PPF for self 1.5laks and another 1.5lakhs in SSY in daughter's name? ( Appreciate if you have some literature on this. 👍
@@ETMONEY I did run through the video! Very helpful. However, it does not clarify if I can invest 1.5 lakh in my PPF and another 1.5 lakh in SSY in my daughter's name.
I have a question, 1. An Indian citizen opens an PPF account 2. Indian citizen becomes an NRI 3. After 15 year maturity the NRI does not close the account 4. NRI returns to India after 25 years Can the NRI resume the original account with then account balance? I know the dormant account would not earn any interest from 15th year of maturity to the 25th year when they return. But I would still appreciate having the balance amount in the PPF account. Any help is appreciated.
Hi team ET money.. Question: What if user dies before maturity period of 15years.. Can account be closed by nominee. What amount would nominee can withdraw.? Example: Person A dies at 10th year. Does the nominee B with draw amount with intreset gained .
PPF a/c Can be extend block of 5years is correct,but only two times, after matured of 15years,that means up to 25 years,not valid of extension of any time,in S.B.I Or you have to re open of new a/c, If you have proof ,for any Time extension,please send
I am 68 yrs. my ppf account was closed around 15 yrs ago and money was withdrawn. Can i open a new pof account? 2- link to know list of banks opening ppf a/c 3- is it possible to change bank of my son’s ppf a/c?
I had started a PPF account in my daughter's name. Now she has become a UK citizen. How do I continue with this account. How to get back the money from her account. Can I continue on her behalf by submitting her passport etc
Thanks for detailed info. I have a query. 1) At what age of kid/ minor a PPF account can be openned. 2) If I take PPF account in my kid name how many times 5 years block can be extended. 3) How many max years it can be continued.
8:50 Is interest calculated from 5th or 6th of the month ? In different websites , it is mentioned differently. If I deposit lumpsum on 5th of April , say 11am morning , will it still be considered for that month's interest calculation or only considered next month ?
Lets say i already have 80c investments done, If then i contribute to ppf, the contribution will not be tax exempt i believe but will the interest and maturity corpus have any tax impact?
@@aswinjv5532 if you have money, it would be of benefit if you make full 1.5 lakh in the month of April, so as to enjoy the interest for entire financial year
@@aswinjv5532 dear ,if you have idea on which mutual fund you need to go with,then go to particular mutual fund website and start sip, no need of going through bank . There will be option to select direct or regular fund, select direct
Hi... Your videos are very informative... Thanks for the research. Could you please clarify how interest is calculated on PPF investment? I invest 10000 at 7.1 in year 1 and in year 2 say the int rate becomes 8, then will the 10000+int get int at rate 8, or this 10000 keeps getting 7.1 until maturity?
Can a NRI, after existing of 15 yr of PPF a/c(matured),not withdraw the amount, up to 5yrs(without contributing more ),can he will get interest of 5 yrs.
… it may mature in 2022 or 2023. What are the steps to revive the account in her absence or to collect the balance and close the account in 2022 or 2023, viz. Should she present herself personally at Bangalore or any other sbi branch, or i can manage the closure with sbi crediting her account. Thanks for any kind advice.
Just a quick question, is it possible to have separate PPF account for husband and wife, like minor is there a condition that the total should be 1.5 lakhs or can have more
Very insightful. Thanks for the knowledge. However in the scenario of falling interest rates and a long lock-in period, do you still advise to invest in PPF or should we choose debt fund? For tax savings, I am investing in ELSS through etmoney app.
Dear Mr. Nath, on the interest calculation, if deposit on the 6th of a month, you mentioned that months interest will not be given. However, in the next month if I deposit on 2nd, will the interest of this month be compounded from the previous month and paid, if yes, do you really lose interest at all ?
Hi. You don't make interest for the first month - that's a loss. For example - say you deposit 1000 rupees in month1 (on the 6th). No interest is paid for that month. So balance remains at 1000. In month 2 (paid on 2nd), you deposit another 1000 rupees. So 1000+1000 = 2,000 is which you get interest of say 20 rupees. So what did you miss? By depositing earlier than 6th, you could have got 10 rupees interest in month 1 too. So the interest calculation in month 2 would have been on 1000+10+1000 = 2010. So yes, you do lose money by not depositing it within the first few days. And as you rightly said, the compounding factor will ensure that this loss becomes bigger over time
Sir, as usual the video is very informative and useful. I have a doubt regarding PPF. If someone investing 1 lac per year for 15 years. Can he withdraw all these 15 lacs plus interest on the maturity of PPF account i.e on 15th years. Or each 1 lac has 15 years maturity period?
Hello I have a query. My friend wants to open a ppf account on his son's name who is 3 months old. My friend doesn't have any active bank account now,so what will be the procedure to open a ppf account? Thank You in advance.You guys are doing awesome work.
Very lucid explanation. Thank you so very much.. I would like to know whether we have to submit any application to the bank where the account is maintained on maturity to get the total amount transferred to his SB Account?
If the interest rate is changed by government. Does it apply to already opened account also? Or the rate will not change until end of your maturity period.
Thank you, very crisp & informational! After taking print out of online application, SBI (not sure about other banks) gives you another supplementary form to be filled by hand, & submitted in person along with self attested xerox of IDs. After that it is matter of a few minutes.
A good insight One doubt I have opened a ppf account for self wife and two of my minor kids and transferred 1.5 lakh each Now since it’s not allowed as per law what do I do now
Sir can i change the amounts depositing in ppf account every month like im this month ive deposit 7k and next month can i deposit 5k or 8 k ????plz reply 🙏🙏
Being a PPF subscriber, I didn't knew many of the points. Always grateful for ET Money and their team for seriously making very informative video each time. Nowadays, am sure that your videos will be very good only so I click on like button as soon as I open it 😁 Great job 👌
Thanks..This was quite informative. Liked and subscribed. I want to to know in case of death of fmly member, which authority can we approach for any grievances. Any guidance would be highly appreciated
Sir maine 1993 me SBI me PPF a/c khula tha 2 baar 5-5 salo ke liye badhaya magar 2019-2020 me badana bhool gya lekin maine 20-21. 21-22 me cheque bank me dala mujhe Bank me Ye Ye bataya ki PPF a/c band ho gya he nd dono cheque vapas kr diya Sir kya ise dobara chalu karaya ja sakta he
Liked this video even before watching anything because I know Team ET Money always delivers quality content for sure. I have drilled down your channel & watched almost all videos in last 1 month. Thank u Team ET Money for delivering quality content all the times.
Perhaps the best educational video on PPF. Govt. of India should use this video as their official PPF guide. Kudos to ET Money and Shankar !
Very well elucidated. The speaker spoke unhurriedly and explained in detail all the aspects. Kudos to Team ET Money. Special thanks to the speaker for his clarity in speech.
Thank you very much. Glad you found the content useful
Withdrawal query: Video says we can withdraw 50% of prev year closing balance.
Whereas I was told that it is 50% of 4 year earliers closing balalnce.
Please clarify.
Can you pls forward the link of where you read this? We'd certainly like to verify this
@@ETMONEY I went to SBI and they gave me only 50% of what I had on 31st March 2018 saying you can withdraw this much amont. Kindly Confirm if it's not true I would visit them.
This is a headache. Three sources are giving three different information
1. www.cnbctv18.com/personal-finance/are-ppf-withdrawals-taxable-in-india-9860961.htm says that its simply 50% of the amount accumulated in the account at the end of the previous financial year
2. www.livemint.com/money/ask-mint-money/ppf-partial-withdrawal-premature-closure-rules-explained-11626578171960.html says the amount which you can withdraw from your PPF account shall be restricted to higher of fifty per cent of the balance standing at the end of the fourth year immediately preceding the year of withdrawal or at the end of the preceding year.
3. And in complete opposite, article economictimes.indiatimes.com/wealth/invest/how-to-partially-withdraw-from-your-ppf/articleshow/67205654.cms?from=mdr says that the total amount eligible for withdrawal in a particular financial year is the lower of: a) 50% of the PPF account balance at the end of the financial year, preceding the current year, or b) 50% of the PPF account balance at the end of the fourth financial year, preceding the current year.
So one is saying 50%, the other is saying lower while the third source is saying higher.
Please have a check and do share if you have a better source/info on the same. Thx
@@ETMONEY Sure, appreciate your checking on this.
One of the flawless presentations that I have seen. Besides you Thanks to the awesome team you have
Team ET Money, how are you so good!!?? Covering all the aspects of a topic in depth with such clarity & fluidity within 17 minutes, consistently every video after video, must surely require tons of expertise and efforts. Thank you very much team ET Money!
💯 agree 🙋🏻♂️
Thank you Kunal Mathuria. We are investors ourselves (a lot like the viewers we create content for), so it becomes very easy to bring out relevancy in the content. Afterall the problems, dilemma and curiosity that others face is the same that we go through.
@@ETMONEY hi ETMoney, can you please respond to my comment I posted couple of days ago. I want to know what’s the rule to withdraw money for a NRI. Can a NRI withdraw the money before maturity?
@@ETMONEY 🔥🔥🔥🔥🔥
The best explanation of PPF that i have ever seen or heard! Fabulous video!! 👍🙏👏
Thank you!
Dear ETMoney, Have a question. I'm currently in NRI status and didn't open any PPF a/c. Planning to come for vacation and stay for 3 months in India and come back. During my vacation days Can I open PPF a/c & later continue as NRI?. What is the open option for me . Please assist
Hi. As far as we know, non-residents cannot open a PPF account. You might want to take a 2nd opinion with your nearest bank on this
Can Parents invest in ppf account of their major children
I have learned a lot from the ETMoney team, great effort. Great way to diversify against equity for retirement purpose.
Thank you very much for your vote of confidence, Harsh Thakkar 👍
Very nicely and unhurriedly explained. But one thing sir , what will happen if the account holder dies at the middle of the tenure ?
Thank you. In the event of the death of the PPF account holder, the balance amount in the PPF account will be paid even before the completion of 15 years, to the nominee or legal heir of the deceased person
Great video for most important investments option.
Thanks
Hi thanks for clarity on how much i can put minimum every year, also please correct me the amount which i have added this year and the amount which i have received with interest in last year 31st march, and the total amount will be calculated with interest on 31st march and added to my account correct?
This is just so wonderful. I'm still a new PPf Subscriber having started in March 2021 and knew some of the basics. But still, hatsoff to the team for coming up with this video which showed how much brains has gone behind a simple scheme like PPF and I'm sure the knowledge gained has been nothing short of an eye-opener. Great job and looking forward to more such videos. On a side note, I've even started my investment journey through ET money after getting impressed by their informative videos.
Thank you for the kind words, Railfan. Your love and support is what keeps us going.
I truly admire this channel and the way Mr. Nath explains. Simple, graceful and jargon free. Respect!
Thank you very much for your appreciation!
Can we invest more than 1.5 in the same fy
Thank you sir for such a detailed and valuable information.
You are most welcome
Suddenly after seeing this video it came to my mind that if we plan in a better way instead of keeping all emergency funds in FD if 5 years of PPF is nearing or completed we can see it an option to keep some part of emergency funds in ppf as we can withdraw 50%
Very informative and excellent point to point presentation, Sir👍👏
Thanks Uday Prabhu
can i deposit different amount in ppf account every month?
Yes
As usual another informative video.
Just to know more on this, I always belive it is a great financial instrument for the government to raise money considering the lock-in period.
The only problem for people like us is the lowering interest rate since 2010. If the government increase the interest rate and also increase the cap (1.5 lac to 2lac) then there will be good fund raising from this financial instrument. And yes this they can do gradually.
Also for a retail people like us this will give more benifits like EEE benefit with higher rate of interest and higher cap.
A win-win situation for both and may be good for economy.
Thanks. The story we heard was that the original retirement vehicle that the Government of India had designed was the Employee Provident Fund. But then it saw that there are millions who don't fit in this EPF framework as they are self employed or in very small organizations (say 4-5 members). For this, the PPF scheme was created in 1968. So, thats a little history
What a clear and lucid explanation.... this has cleared many doubts of mine and hopefully of other investors also... thanks ET Money and Shankar Nath in particular for creating such a useful stuff... thanks :)
Thank you very much for your kind appreciation, Prabhakar Singh
IMHO PPF or any fixed returns scheme like FD etc should only be considered by someone having a big corpus and wants to diversify. These instruments don't even beat inflation. They offer no upside. The only benefit is the downside is capped, and you know for certain how much money you'll have at a certain point in the future. (Hint - over 30 years, you'll lose approx 30% of your money, adjusted for inflation.
I'm 32, I'm just building my corpus, and this is a senseless investment for me.
Mutual Fund SIP and Retail Equity investing are better ways.
Thank you for the information Mr. Nath 🙏
Most welcome
Good one! Thank you so much! Would you please clarify if I can deposit PPF for self 1.5laks and another 1.5lakhs in SSY in daughter's name? ( Appreciate if you have some literature on this. 👍
Most welcome. We have a separate video on SSY at th-cam.com/video/vFeH2lu6TGU/w-d-xo.html .. pls see if that helps.
@@ETMONEY I did run through the video! Very helpful. However, it does not clarify if I can invest 1.5 lakh in my PPF and another 1.5 lakh in SSY in my daughter's name.
@@matulyatodi5603 yes you can do both at same time and invest 150000 per year in each plan
@@amolrakheja8710 but only 1.5 lakh allowed under section 80C
@@chiradipbhattacharyya2044 Correct.....he can invest 150000 each in both but tax benefit will be on 150000 and not 300000
Wonderful video .good effort .thanks
Thanks for liking
I have a question,
1. An Indian citizen opens an PPF account
2. Indian citizen becomes an NRI
3. After 15 year maturity the NRI does not close the account
4. NRI returns to India after 25 years
Can the NRI resume the original account with then account balance?
I know the dormant account would not earn any interest from 15th year of maturity to the 25th year when they return. But I would still appreciate having the balance amount in the PPF account.
Any help is appreciated.
Hi team ET money..
Question:
What if user dies before maturity period of 15years.. Can account be closed by nominee. What amount would nominee can withdraw.?
Example: Person A dies at 10th year. Does the nominee B with draw amount with intreset gained .
As usual amazing edition and appreciation it
Thank you so much 😀
This is real value add, I have PPF account from past 7 years but I didn't know most of the things. Thank you ET Money.
Most welcome. Oh yes, some of the points were new to us aswell. Glad you found it helpful.
PPF a/c Can be extend block of 5years is correct,but only two times, after matured of 15years,that means up to 25 years,not valid of extension of any time,in S.B.I
Or you have to re open of new a/c,
If you have proof ,for any Time extension,please send
IN MARATHI a book is written ''पी.पी. एफ्. ची कामधेनू'' .Shri Vinayak Kulakarni.
I am 68 yrs. my ppf account was closed around 15 yrs ago and money was withdrawn. Can i open a new pof account?
2- link to know list of banks opening ppf a/c
3- is it possible to change bank of my son’s ppf a/c?
Great Level of Clarity on PPF.
Thanks Team ET money for In-depth reasearch.
Our pleasure! Thanks for your appreciation
I had started a PPF account in my daughter's name. Now she has become a UK citizen. How do I continue with this account. How to get back the money from her account. Can I continue on her behalf by submitting her passport etc
Thanks for detailed info. I have a query.
1) At what age of kid/ minor a PPF account can be openned.
2) If I take PPF account in my kid name how many times 5 years block can be extended.
3) How many max years it can be continued.
Public provident fund 🎯👍✅💯
8:50 Is interest calculated from 5th or 6th of the month ? In different websites , it is mentioned differently. If I deposit lumpsum on 5th of April , say 11am morning , will it still be considered for that month's interest calculation or only considered next month ?
Lets say i already have 80c investments done, If then i contribute to ppf, the contribution will not be tax exempt i believe but will the interest and maturity corpus have any tax impact?
Your videos are precise and very professional. Appreciate it :)
So nice of you. Glad you like them!
Nice. Insights 👍
Thanks!
Will I be able to withdraw 100% of my money in the PPF account after the maturity time?
After resignation can I leave my money in PF account upto 55 years.will I get any interest on my money.
ET Money Video and Content quality is always No-1
Thank you for your appreciation & your continued support of our efforts, Pankaj Bhandari
Excellent detailed information on PPF account. Thanks!
Glad it was helpful!
VPF vs PPF next please!
Can we open another PPF account after the initial 15 Yrs completion?
Husband and wife open a PPF..
One on husband name And other on wife Name
Excellent! Both information and presentation. Thank you.
Most welcome
Thx for the useful info
Glad it was helpful!
Superb Explanation! 👍 Also one should remember that PPF would be 15 years of SIP in fixed income category.
Thank you
Is it recommended to pay 1.5 lakh is one shot or in partial payment monthly 12.5k
@@aswinjv5532 if you have money, it would be of benefit if you make full 1.5 lakh in the month of April, so as to enjoy the interest for entire financial year
@@sunil1229 thanks buddy for ur response , in mutual funds via bank , which bank is good to go with sip
@@aswinjv5532 dear ,if you have idea on which mutual fund you need to go with,then go to particular mutual fund website and start sip, no need of going through bank . There will be option to select direct or regular fund, select direct
Very well informed.... Just a ques... Can we transfer into PPF account from another bank account directly?
Thanks. You might have to check with your bank on this one.
Hi.. I'm planning to start a PPF account in February 2022 with 1.5L. In this case will the amount be exempted from tax for FY 21-22 or FY 22-23.
Yes as tax exemption is given for any investment done before 31st March
Hi... Your videos are very informative... Thanks for the research.
Could you please clarify how interest is calculated on PPF investment? I invest 10000 at 7.1 in year 1 and in year 2 say the int rate becomes 8, then will the 10000+int get int at rate 8, or this 10000 keeps getting 7.1 until maturity?
Thanks. The account balance will be used in calculating the interest for the year
How a premature closure during extention period will be treated.
Excellent explanation
Thank you
Excellent explanation
Glad it was helpful!
Can a NRI, after existing of 15 yr of PPF a/c(matured),not withdraw the amount, up to 5yrs(without contributing more ),can he will get interest of 5 yrs.
We are not sure of this. But we did read some reference to interest falling to a mere 4% p.a. unless the money is encashed. Pls have a check
Very informative
Thanks
My local SBI branch said I can't open PPF online. They said I have to anyway visit the branch for getting the forms approved. Any help?
Pls try www.livemint.com/money/personal-finance/public-provident-fund-how-to-open-sbi-ppf-account-online-11596682680782.html
Very good & informative vedio. If I start with rs. 1000/ p.m. May I increase the amount next year rs. 2000/ p.m.
Thank you
Plz make a video on ITR Filing
Very good explanation. I just came to know my PPF will mature after 16 years and not 15. Thank you Sir!
Most welcome. Glad you found it useful
clear & concise !!!
Thanks!
… it may mature in 2022 or 2023. What are the steps to revive the account in her absence or to collect the balance and close the account in 2022 or 2023, viz. Should she present herself personally at Bangalore or any other sbi branch, or i can manage the closure with sbi crediting her account. Thanks for any kind advice.
Hi. Apologies, we won't know these specifics as we have not ourselves had such a situation.
Just a quick question, is it possible to have separate PPF account for husband and wife, like minor is there a condition that the total should be 1.5 lakhs or can have more
Hi. Any Indian citizen can open a PPF account either in his or her own name.
What is the rationale of the new TDS rule in the case of PPF ?
Very nice summary
Glad you liked it
Nice presentation
Thank you! Cheers!
Very good 👌✅👍 Explanation.
Very insightful. Thanks for the knowledge. However in the scenario of falling interest rates and a long lock-in period, do you still advise to invest in PPF or should we choose debt fund? For tax savings, I am investing in ELSS through etmoney app.
Thank you very much!
Dear Mr. Nath, on the interest calculation, if deposit on the 6th of a month, you mentioned that months interest will not be given. However, in the next month if I deposit on 2nd, will the interest of this month be compounded from the previous month and paid, if yes, do you really lose interest at all ?
Hi. You don't make interest for the first month - that's a loss.
For example - say you deposit 1000 rupees in month1 (on the 6th). No interest is paid for that month. So balance remains at 1000. In month 2 (paid on 2nd), you deposit another 1000 rupees. So 1000+1000 = 2,000 is which you get interest of say 20 rupees.
So what did you miss? By depositing earlier than 6th, you could have got 10 rupees interest in month 1 too. So the interest calculation in month 2 would have been on 1000+10+1000 = 2010.
So yes, you do lose money by not depositing it within the first few days. And as you rightly said, the compounding factor will ensure that this loss becomes bigger over time
Very informative and explained in simple language.thank you very much .Azad H Popatia
Most welcome. Thank you for your kind words
Sir, as usual the video is very informative and useful.
I have a doubt regarding PPF.
If someone investing 1 lac per year for 15 years. Can he withdraw all these 15 lacs plus interest on the maturity of PPF account i.e on 15th years. Or each 1 lac has 15 years maturity period?
The account matures in 15 years. One can withdraw the balance in the account at the end of 15 years.
Hello
I have a query.
My friend wants to open a ppf account on his son's name who is 3 months old.
My friend doesn't have any active bank account now,so what will be the procedure to open a ppf account?
Thank You in advance.You guys are doing awesome work.
Hi. We are not sure, maybe your friend can check with the nearest bank. Most banks have a PPF service query desk nowadays
@@ETMONEY okay Thank You 😀
Very lucid explanation. Thank you so very much.. I would like to know whether we have to submit any application to the bank where the account is maintained on maturity to get the total amount transferred to his SB Account?
Thank you
Very useful....😀
Great
If the interest rate is changed by government. Does it apply to already opened account also? Or the rate will not change until end of your maturity period.
Hi Vinit,
The rate is applied to already opened accounts also. So as the returns change, you will earn interest based on the new rate.
Thank you, very crisp & informational!
After taking print out of online application, SBI (not sure about other banks) gives you another supplementary form to be filled by hand, & submitted in person along with self attested xerox of IDs. After that it is matter of a few minutes.
Most welcome. Glad you liked it
Well explained. Thank you. Sir , if we take loan, do we have to pay interest every month or is it yearly once .please help me ASAP.
Thanks. Sorry, we could not find more specifics on this
A good insight
One doubt
I have opened a ppf account for self wife and two of my minor kids and transferred 1.5 lakh each
Now since it’s not allowed as per law what do I do now
Thanks. You can check the PPF desk at your bank
Sir can i change the amounts depositing in ppf account every month like im this month ive deposit 7k and next month can i deposit 5k or 8 k ????plz reply 🙏🙏
💯 yes. Even I am also depositing money of different amount every month and that too before 5th only.
Being a PPF subscriber, I didn't knew many of the points. Always grateful for ET Money and their team for seriously making very informative video each time. Nowadays, am sure that your videos will be very good only so I click on like button as soon as I open it 😁
Great job 👌
Happy to help, Sachin KN. Thank you for the appreciation!
When can one withdraw an extended account with contribution?
When will be the access amount get refunded?
Pl give details about nomination for the account
Thanks..This was quite informative. Liked and subscribed. I want to to know in case of death of fmly member, which authority can we approach for any grievances. Any guidance would be highly appreciated
Thanks. For grievances, pls try www.nsiindia.gov.in/Complaint.aspx
Wow... That was really quick. Thanks a lot
Can I transfer my ppf account to my nearest branch?
Very well presented sie thank you .
You are most welcome, Prakash Raghunathan
Inspiration of shankar sir I am started Rs5000 SIP from ETmoney
Wishing you the very best, Datta.
Bestest person to explain on any topic
:) .. thanks for the appreciation
The only video which covers all information of PPF in a very simple way.very useful. Thank you👍
Glad it was helpful! Thx
Very nice 👌
Thanks 😊
Thanks a lot for making it so simple to understand.
One Question: can we transfer the PPF account from one bank to another?
Most welcome. Yes, you can transfer. There are many articles on the Internet explaining the process, doesn't seem difficult
Hi can you clarify if I submit an amount on 5th of month, will the interest of that month be calculated for that amount or not
Hi. Waiting for your reply
Yes it will be calculated.
Can we get the roi 7.1 throughout the 15 years.. Is earlier invested persons getting the same? Please reply
The government decides on the interest rate every quarter depending on the interest rates and bond yields.
An elaborate explanation of all the points pertaining to PPF which not many would know. Thanks ETMoney
Most welcome. Glad you liked the content
Sir maine 1993 me SBI me PPF a/c khula tha 2 baar 5-5 salo ke liye badhaya magar 2019-2020 me badana bhool gya lekin maine 20-21. 21-22 me cheque bank me dala mujhe Bank me Ye Ye bataya ki PPF a/c band ho gya he nd dono cheque vapas kr diya Sir kya ise dobara chalu karaya ja sakta he
Aap apne bank mein pls check karein
Thank you ET Money for this detailed analysis of PPF . VERY USEFUL 🙏
Glad you liked it
Liked this video even before watching anything because I know Team ET Money always delivers quality content for sure. I have drilled down your channel & watched almost all videos in last 1 month. Thank u Team ET Money for delivering quality content all the times.
Most welcome and thank you for your continued patronage
CA Pavan ji , greetings from my side . I agree 101% with you . Another excellent video from Mr. Nath
Very true 🙋🏻♂️
My US born 3 years old son is OCI card holder. Can I open his PPF account?
Sorry, not sure of specifics. You'll need to check with your bank
Nice
Thanks