Public Provident Fund (PPF) : 12 Things You Should Know About it | ETMONEY

[@agytjax]

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 !

[@balajinarasimhan533]

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.

[@ETMONEY]

Thank you very much. Glad you found the content useful

[@priyanathdan5368]

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.

[@ETMONEY]

Most welcome. Oh yes, some of the points were new to us aswell. Glad you found it helpful.

[@punjformworks2473]

1. Videos are Simple, Elegant, Informative. 2. You are a genius. 3. So much good information provided in a simple manner. 4. One suggestion: Rather than moving the presenter of the video left and right, try to keep him at one side. Makes the viewer concentrate better on the video. 5. Great presenter; he is one of the best speakers. Very clear and looks & sounds sincere.

[@91kunalm]

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!

[@sachin_2601]

💯 agree 🙋🏻‍♂️

[@ETMONEY]

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.

[@saachionline]

@@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?

[@StudentCSAthulHari]

@@ETMONEY 🔥🔥🔥🔥🔥

[@apoorvasinha1295]

I truly admire this channel and the way Mr. Nath explains. Simple, graceful and jargon free. Respect!

[@ETMONEY]

Thank you very much for your appreciation!

[@RailGamerAnkurSonwane268]

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.

[@ETMONEY]

Thank you for the kind words, Railfan. Your love and support is what keeps us going.

[@rvarma83]

The best explanation of PPF that i have ever seen or heard! Fabulous video!! 👍🙏👏

[@ETMONEY]

Thank you!

[@Dr_DeveshGupta]

Bestest person to explain on any topic

[@ETMONEY]

:) .. thanks for the appreciation

[@Harshze]

I have learned a lot from the ETMoney team, great effort. Great way to diversify against equity for retirement purpose.

[@ETMONEY]

Thank you very much for your vote of confidence, Harsh Thakkar 👍

[@capavankalyan]

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.

[@ETMONEY]

Most welcome and thank you for your continued patronage

[@dererishi]

CA Pavan ji , greetings from my side . I agree 101% with you . Another excellent video from Mr. Nath

[@sachin_2601]

Very true 🙋🏻‍♂️

[@prabhakaronline1]

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 :)

[@ETMONEY]

Thank you very much for your kind appreciation, Prabhakar Singh

[@muniesprabu2186]

The only video which covers all information of PPF in a very simple way.very useful. Thank you👍

[@ETMONEY]

Glad it was helpful! Thx

[@pankajbhandari9070]

ET Money Video and Content quality is always No-1

[@ETMONEY]

Thank you for your appreciation & your continued support of our efforts, Pankaj Bhandari

[@sachin_2601]

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 👌

[@ETMONEY]

Happy to help, Sachin KN. Thank you for the appreciation!

[@saurendraprasad]

Great Level of Clarity on PPF. Thanks Team ET money for In-depth reasearch.

[@ETMONEY]

Our pleasure! Thanks for your appreciation

[@pankajpandey2882]

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%

[@ar.swapnilmangle]

Superb Explanation! 👍 Also one should remember that PPF would be 15 years of SIP in fixed income category.

[@ETMONEY]

Thank you

[@aswinjv5532]

Is it recommended to pay 1.5 lakh is one shot or in partial payment monthly 12.5k

[@sunil1229]

@@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]

@@sunil1229 thanks buddy for ur response , in mutual funds via bank , which bank is good to go with sip

[@sunil1229]

@@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

[@swamivivekananda-cyclonicm8781]

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]

Can you pls forward the link of where you read this? We'd certainly like to verify this

[@swamivivekananda-cyclonicm8781]

@@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.

[@ETMONEY]

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

[@swamivivekananda-cyclonicm8781]

@@ETMONEY Sure, appreciate your checking on this.

[@palashm8841]

One of the flawless presentations that I have seen. Besides you Thanks to the awesome team you have

[@shuvampargal4754]

this comment is for appreciation.. for always picking best topics

[@ETMONEY]

Thank you!

[@ojayadev]

An elaborate explanation of all the points pertaining to PPF which not many would know. Thanks ETMoney

[@ETMONEY]

Most welcome. Glad you liked the content

[@udayprabhu8351]

Very informative and excellent point to point presentation, Sir👍👏

[@ETMONEY]

Thanks Uday Prabhu

[@agarwalsonika7]

Very good explanation. I just came to know my PPF will mature after 16 years and not 15. Thank you Sir!

[@ETMONEY]

Most welcome. Glad you found it useful

[@मंगेशमाळी-श5र]

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.

[@ETMONEY]

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

[@anshukhuj]

Can we invest more than 1.5 in the same fy

[@prasadphaterpekar6810]

Clears so many doubts,nicely explained

[@ETMONEY]

Thanks!

[@mugundhans400]

As usual amazing edition and appreciation it

[@ETMONEY]

Thank you so much 😀

[@dhananjoshi]

Great video for most important investments option.

[@ETMONEY]

Thanks

[@ankurbisht1456]

Your videos are precise and very professional. Appreciate it :)

[@ETMONEY]

So nice of you. Glad you like them!

[@pushkartrivedi5859]

Simple and clear. Just wonderfully explained. Thank you

[@ETMONEY]

Most welcome!

[@sitachowkulkar7324]

Thank you ET Money for this detailed analysis of PPF . VERY USEFUL 🙏

[@ETMONEY]

Glad you liked it

[@aabhaasmanpowerservices1934]

Excellent detailed information on PPF account. Thanks!

[@ETMONEY]

Glad it was helpful!

[@rashmipaul1121]

This video is real good.liked the way you explained things in simple way

[@ETMONEY]

Thank you very much

[@datta6159]

Inspiration of shankar sir I am started Rs5000 SIP from ETmoney

[@ETMONEY]

Wishing you the very best, Datta.

[@npvartak]

Excellent! Both information and presentation. Thank you.

[@ETMONEY]

Most welcome

[@SureshKumar-op5hz]

Best Video ever on PPF Good job Done 👍

[@ETMONEY]

Thank you

[@nagarjuna7064]

Great video. Amazing efforts by ET Money team.

[@ETMONEY]

Thank you

[@solo_nakka]

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?

[@ramkishanarora661]

Very good method to describe without wasting time

[@ETMONEY]

Thanks

[@tabrezhashmi_vlog]

Thank you sir for such a detailed and valuable information.

[@ETMONEY]

You are most welcome

[@sumathisuresh155]

Very much educative. Crystal clear explanations. Thank you/

[@ETMONEY]

You're very welcome!

[@ramans8856]

Excellent complete and comprehensive good job

[@ETMONEY]

Thank you! Do share ahead with your friends as well 😇

[@krunalsinhchauhan9773]

I am glad that i found this channel. ❤️

[@ETMONEY]

Thanks

[@gowrishankarmurthy8461]

Very nicely briefed. Thank q very much. Informative video.

[@ETMONEY]

Glad it was helpful! Thanks

[@tanvirsingh4606]

Can Parents invest in ppf account of their major children

[@mail2viveks]

You are on top of the game of financial literacy, this would be creating strong eco system of finance and investment!

[@ETMONEY]

Thank you for the appreciation, Vivek Sharma

[@anandanag7896]

Thank you for the information Mr. Nath 🙏

[@ETMONEY]

Most welcome

[@GurpreetSinghmadsfan]

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.

[@ETMONEY]

Most welcome. Glad you liked it

[@journeywithvicky5647]

Your way of presentation is awesome 👏

[@ETMONEY]

Thanks

[@HShravzP]

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 ?

[@MayankVerma19]

Salute to shankar nath & team that brings up such content regularly. These are such videos I can forward directly to my parents too. Good work 🚀

[@ETMONEY]

Thank you Mayank Verma. Glad you found the video useful. We too learnt quite a bit about PPF while creating this video

[@shishirshirke7511]

This is very useful information sir. Thank you

[@ETMONEY]

Most welcome

[@kulakulagundi]

clear & concise !!!

[@ETMONEY]

Thanks!

[@AmolJadhav-fe7ok]

Great information .. thanks et money team

[@ETMONEY]

Most welcome Amol Jadhav

[@sujap5512]

Wonderful video .good effort .thanks

[@ETMONEY]

Thanks for liking

[@hansapatel8964]

Excellent described,Thank you.

[@ETMONEY]

Glad it was helpful! Most welcome

[@Harish-nh8rm]

Beautifully explained every point. Thanks.

[@ETMONEY]

Thank you

[@karthickc1988]

Nice. Insights 👍

[@ETMONEY]

Thanks!

[@beemavishnu]

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.

[@golddiamond6782]

Thanks a lot for making it so simple to understand. One Question: can we transfer the PPF account from one bank to another?

[@ETMONEY]

Most welcome. Yes, you can transfer. There are many articles on the Internet explaining the process, doesn't seem difficult

[@priyadarshinikalathil6302]

Very clearly explained 🙏

[@ETMONEY]

Thank you very much

[@pradeepkumarsingh5945]

Very good 👌✅👍 Explanation.

[@smartspan]

Thanks for providing detailed information on PPF .

[@ETMONEY]

Most welcome

[@victorvideo100]

Very well informed.... Just a ques... Can we transfer into PPF account from another bank account directly?

[@ETMONEY]

Thanks. You might have to check with your bank on this one.

[@nirmalyamukhopadhyay1769]

Quite comprehensive 👍

[@ETMONEY]

Glad you liked it. Thx!

[@ShahzadKhan-qk2nn]

Very finely explained.

[@ETMONEY]

Glad you liked it

[@gopikannans9246]

An amazing session on PPF

[@ETMONEY]

Thank you!

[@prakashraghunathan2685]

Very well presented sie thank you .

[@ETMONEY]

You are most welcome, Prakash Raghunathan

[@vinodputta5507]

Is it better to invest in NPS or to enhance the employee contribution to EPF account to the same amount??

[@SukhchainGoyal]

Superb video! 👌👌

[@ETMONEY]

Thanks

[@lbuxani]

Well explained. Thanks 👍

[@ETMONEY]

Thanks

[@sayansarkar1707]

can i deposit different amount in ppf account every month?

[@ETMONEY]

Yes

[@vinaysingh-wt7we]

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

[@vinaysingh-wt7we]

Hi. Waiting for your reply

[@kushalsharma3718]

Yes it will be calculated.

[@sahilgoyal7527]

Great insight for every investor.

[@ETMONEY]

Thanks! Glad you liked it

[@Sri-yb4jo]

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.

[@ETMONEY]

Thanks. Sorry, we could not find more specifics on this

[@abhayhirave8914]

Sir If NRD interest received from employee society is taxable . If not under which chapter

[@srinisomala]

Very well explained, thank you

[@ETMONEY]

You are welcome! Glad you liked it

[@meerasabnis6560]

We both (me and my husband) are sr citizens have PPF account opened in year 1978 & 1983 respectively renewed more than twice till now. We are now thinking of settling in USA forever. May come back for upto six months in 1-2 years if our health permits. My questions to you are 1) Can we continue our renewed PPF accounts by paying 150000 every year and get the relief under section 80C ? 2) Can we extend them again on completion of 5 year period? 3) If not can we keep the account as it is without adding money to it and for how long?

[@hanumeshkumar8413]

Excellent explanation

[@ETMONEY]

Glad it was helpful!

[@vinitpatel9921]

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.

[@ETMONEY]

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.

[@chestabuch7981]

Very nice summary

[@ETMONEY]

Glad you liked it

[@chetanjain2404]

Can we get the roi 7.1 throughout the 15 years.. Is earlier invested persons getting the same? Please reply

[@ETMONEY]

The government decides on the interest rate every quarter depending on the interest rates and bond yields.

[@umeshsidhaye1396]

Excellent information 👍

[@ETMONEY]

Glad it was helpful!

[@vinothkannan9958]

Hi sir please can you help me to sort the issue of PPF which i have opened online and in bank, i have two accounts opened , but i cant access it , ubi bank doesnt help me to sort this issue

[@22jayyu]

Good presentation as all your videos are. Would like to add the following based on my experience.

[@ETMONEY]

Thank you!

[@22jayyu]

@@ETMONEY For some reasons, my comment supposed to follow 'my experience.' appears incomplete. Hence, I am adding for the benefit of all and more specifically your views. As per SB order 01/2018 dated 01/02/2018 “Provided that if a resident who opened an account under this scheme ,subsequently becomes a NRI during the currency of the maturity period, the account shall be deemed to be closed with effect from the day he becomes a NRI and interest with effect from that date shall be paid at the rate applicable to the Post Office Savings Account up to the last day of the month preceding the month in which the A/C is actually closed”. Simultaneously As per SB order No 02/2018 dated 09/03/2018 the above order i.e.” SB order No 01/2018 dated 01/02/2018 are kept in abeyance until further orders “but no further orders or any clarifications received so far.

[@SaurabhSingh-in]

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.

[@ETMONEY]

Thank you very much!

[@janicegomes487]

When can one withdraw an extended account with contribution?

[@ankaiahgummadidala1371]

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?

[@ETMONEY]

Thank you

[@aamitagarwal]

What happens to interest if both parent and minor contribute 1.5L each as access cannot be assessed?

[@matulyatodi5603]

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]

Most welcome. We have a separate video on SSY at kzbin.info/www/bejne/rHfIeWWiqpuHfbc .. pls see if that helps.

[@matulyatodi5603]

@@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.

[@amolrakheja8710]

@@matulyatodi5603 yes you can do both at same time and invest 150000 per year in each plan

[@chiradipbhattacharyya2044]

@@amolrakheja8710 but only 1.5 lakh allowed under section 80C

[@amolrakheja8710]

@@chiradipbhattacharyya2044 Correct.....he can invest 150000 each in both but tax benefit will be on 150000 and not 300000

[@subhashreesamal2532]

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.

[@ETMONEY]

Hi. We are not sure, maybe your friend can check with the nearest bank. Most banks have a PPF service query desk nowadays

[@subhashreesamal2532]

@@ETMONEY okay Thank You 😀

[@misterious8924]

Very useful....😀

[@ETMONEY]

Great

[@RAY86092]

You are a great teacher. Thank You🙏🏼🙏🏼

[@ETMONEY]

Thank you for your kind appreciation

[@renugadhandapani8984]

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

[@ETMONEY]

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

[@superstudaa]

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 ?

[@ETMONEY]

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

[@geetsgovind8925]

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

[@ETMONEY]

Hi. Any Indian citizen can open a PPF account either in his or her own name.

[@nirupama3892]

Very informative video. Wanted to know when an account, after attaining maturity, gets extended(with contribution) for a block of 5 years and thereafter no form H is submitted, would fresh contributions be allowed in the account ?

[@ETMONEY]

Thanks. Don't think fresh contributions are allowed. Pls check out: www.livemint.com/money/personal-finance/ppf-account-why-investors-should-be-aware-of-form-h-11571225519404.html

[@nirupama3892]

@@ETMONEY thank you so much

[@Explore_and_Beyond.]

Can we have PPF account Separately apart from our job's PF account ?

[@ETMONEY]

Yes. A person can have PPF and EPF account

[@Explore_and_Beyond.]

@@ETMONEY Thanks for the Information.

[@dr.dipanjanchatterjee1340]

Transfer of account from Post Office to bank or vice versa takes almost one month. Is there chance to loose interest for that one month?

[@krishanlal8260]

Good - very infoemative

[@ETMONEY]

Thank you