The Public Futures Fund is a very popular small savings plan. A large number of people invest here. One of the biggest advantages of investing here is money security. Also, by investing here, you also get a tax deduction and the PPF interest is also exempt from tax net. Today, PPF is getting a 7.1% interest rate. The government’s decision, issued on March 31, said it had lowered interest rates, but it was withdrawn by morning.
According to the government’s decision, interest rates were up 7.1 percent so far this quarter. In such a situation, if you wish to invest in a public futures fund, do not change your decision, as current interest rates will continue until June 30, 2021. Apart from the interest rate, there are many things you need to know.
A new form for ITR submission has been issued
Invest at the beginning of the financial year
We will invest in a public futures fund at the end of the fiscal year for tax deduction. In such a situation, we claim tax for the tax deduction under 80C but no interest for the entire year. In such a situation, it is best to invest in PPF at the beginning of the financial year. With this, you get the best interest with tax deduction.
PM Kisan: Waiting for the 8th installment of PM Kisan, then know these changes first
Make a maximum contribution for the first 5 days of the month
One should always invest money in a PPF account during the first five days of the month. This will give you a month’s interest. For example, you have 50 thousand rupees in your account, but if you deposit Rs 20,000 on April 6, you will get only 50 thousand rupees interest instead of 70 thousand rupees in April.
