Last date of PPF
Public Provident Fund is a feasible investment tool for those who want to keep saving smaller amount of money throughout the year and earn a lump sum amount along with tax benefits. In fact, for many in India, PPF is the best tax saving mechanism and considered to be a wise long term investment scheme.
Since it is quite a popular scheme, a lot of people often wonder when the right time to invest in PPF is and what the last date of PPF is. In this article, we would cover this subject and discuss in details.
When is the right time to invest in PPF?
If you consider the investments on a monthly basis, the best time to invest is surely from 01st of every month to 05th of every month. For example, if you are investing in the month of May, the best time to invest in your PPF account would be from 01st of May to 05th of May. In PPF too, time from 01st April to 31st March is considered to be the financial year.
When is the best time to open a PPF Account?
If you are considering opening a PPF account for yourself or for your dependent, the best time to open a PPF account is from 01st of April to 05th of April of the given financial year. Although, not all of us would be able to open the account during this tenure, it is advised that you may try to get your account opened during this period to get best returns. In case if you are not able to open the account during this period, then you should try to open your PPF account from 01st to 05th of any month during a financial year.
When is the last date of PPF investment?
As a matter of fact, we can’t say about the last date of PPF investment. As such, nothing like that exists. You may deposit money to your account anytime you want, subject to the maximum number of times allowed in your PPF account.
However, if you deposit money during a financial year and want your contributions to reflect in the given financial year, you should deposit before 31st March of that year. Moreover, if you want to get better returns out of your PPF investment you should deposit before 05th of every month in your account.
We hope that this information has been helpful for you in finding out the last date of PPF investment. To sum up, PPF is a good financial tool in securing your future as well as the future of your loved ones and family.