PPF account: Set a system for depositing money in a PPF account on a fixed date every month. You can deposit money in it in many ways.
PPF account: If you have opened a Public Provident Fund (PPF) account but you are a little careless about depositing money in it every month, then you will lose it. There is a special reason behind this. It would be better to make arrangements to deposit money in PPF account on a fixed date every month. You can deposit money in it in many ways. If you cannot deposit money by going to a bank, post office or that financial company every month, then you can take the help of online option. This will save your time as well and there will be no hassle of commuting.
Must deposit money by this date Must deposit money by this date
Experts say that depositing the money in PPF account before the 5th of every month will give more benefits. He says that the interest on PPF (Public provident fund) deposits is calculated every month. This interest is fixed on the amount deposited between the fifth date and the last date of the month. In this case, if you deposit the money before the 5th, then you will get more interest.
Deposit from ECS Deposit from ECS
In the form of Electronic Clearing System (ECS), it is an option to deposit money online. In this, a fixed amount can be transferred regularly from one bank to another account every month. For this, you have to apply for ECS in the bank. Once ECS is activated, the money will be transferred automatically from your bank account to the PPF account within the stipulated time.
Can be deposited from NEFT Can be deposited from NEFT
National Electronic Funds Transfer ie NEFT is an online option to deposit money online. It can be used through net banking facility. Through this, to deposit money in PPF, you must have your PPF account number and IFSC code of the bank branch in which your PPF account is. With NEFT, you can transfer money in no time.
Standing instruction extremely easy Standing instruction very easy
This facility is easiest if both your bank account and PPF account are in the same bank. In this, you can easily transfer money from your savings account to PPF account. In this, you can deposit money every month or every day. Here you have to keep in mind that you can deposit up to 1.5 lakh rupees annually in PPF. This is a very convenient option.