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PPF investment

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 February 2010 The following is the breakup of my investment for Rs. 1,00,000 u/s 80C for FY 2009-1010:

Pension Plan Premium 36052
ULIP 24000
LIC premium 10000
PPF 30000

Therefore, my investment u/s 80C is completed for FY09-10

I have some surplus funds in my Savings Account. Instead of having the money lie idle (and fetch only 3.5% interest), would it be wiser to invest this surplus (Rs 40,000) in my PPF acct?

I do understand that U/S 80C, i will be getting the benefit for 80C only on the Rs 30000 i have already put in my PPF account, but can i put the extra 40,000 (i know the total limit for PPF in a year is Rs 70,000) just so that i use the funds properly and not allow them to remain idle in a SB acct?

feedback on this would be highly appreciated. thank you
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CA Prashant Gupta

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CA Prashant Gupta (Expert)
03 February 2010 sure you can invest 40,000/- in PPF. there is no restriction.
as my view if you want secure investment then PPF is best. So invest in PPF. But you can't withdraw money from PPF for begining 5 years after then when you need you can withdraw money
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CA. Gurdeep Singh Chawla

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CA. Gurdeep Singh Chawla (Expert)
03 February 2010 better to get interest @ 8.5% than 3.5%
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
03 February 2010 Agree with expert, PPF is good option
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