PPF calculation query..!!

141 views 1 replies
please tell me hdfc bank calculation right or wrong??..financial year end 2019 only 4139 interest total of 130730 amount..screenahot image link below

https://ibb.co/JypNtM5
Replies (1)
The interest is calculated on a monthly basis but it is credited into the account at the end of financial year on March 31.
To maximise the benefit of investing in PPF, one should ideally make contributions before the 5th of every month in case of monthly contributions. 
becuae of this you will earn full month of interest.
I m not able to see your picture. but follow these practice to get more interest.
from next year(1-4-20) rate reduce 7.1 earlier it was 7.9


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register