🔍
🔴PPF Account से आपको लगेगी भारी चपत | Financial Advice to save money - YouTube
Channel: unknown
[0]
If you have a PPF account, you
can face losses of not only Rs.27000,
[3]
but Rs.50,000 or 60,000,
or even up to 1 lakh!
[8]
To know more, it is very important for
you to watch this video until the end
[11]
Subscribe to our channel
and click on the 'Bell' icon
[14]
We will keep updating you on ways you
can lose money, and how to prevent it
[21]
Not only how to prevent losses,
but also how to earn more money.
[24]
[Intro Music]
[33]
Before moving ahead, if you do not have
full information on what a PPF account is,
[38]
we have made an in-depth video which you
can watch by clicking the 'i' button
[42]
In that video, we have explained PPF and
its comparison with other investment schemes
[47]
The special features of PPF which you should
definitely know about are also explained
[50]
PPF is considered one of
the safest investment options
[54]
Even if there is a court case against you,
your money in a PPF account can't be seized
[59]
There are a lot of instances where
the interest rate on PPF is 8-8.5%
[64]
Hence this is a good investment option
on which you also get tax benefits
[68]
Now let's talk about that rule of PF which
can cause a loss of Rs.27000, or even more,
[76]
and you wouldn't even get to know.
[78]
It's possible that even when you go
to withdraw your money after 15 years,
[81]
even then you might not realize that this
amount could be Rs.27000 more, but couldn't be
[86]
The first rule you should know is that
before or on the 5th of every month,
[93]
if you deposit money in the PPF account,
you will get interest for that month
[98]
But as soon as it is the 6th, you don't get
interest on the money for that month
[106]
So if you deposit money after the 5th
of every month for 15 years,
[111]
you are losing interest for 15 months.
This is a huge deal.
[116]
The second important point is that interest
for PPF gets credited on March 31 each year
[122]
Now, I will combine these 2 points to
explain how you can incur a major loss
[127]
I will take 2 examples. In the first, I
deposit Rs.1.5 lakh every year for 15 years
[135]
on or before April 5. So the principal amount
which I have deposited will be Rs.22,50,000
[144]
The interest accrued on the principle
for 15 years would be Rs.21,48,642
[151]
So after 15 years, I would be
able to withdraw Rs.43,98,642.
[157]
Now let's take the 2nd example. Here,
I deposit Rs.1.5 lakh for 15 years,
[162]
but after April 5. The principle
remains the same, Rs.22,50,000
[168]
But the interest falls down to Rs.21,21,490,
I can withdraw Rs.43,71,490 after 15 years.
[180]
The difference between the
2 amounts is Rs.27,152.
[184]
Even though this is a very
small difference, it can increase
[188]
if, instead of April 5, I deposit
the money after May 5, or June 5.
[195]
You must have realized where I am pointing
at. You must remember 2 important things-
[199]
If you have an amount in a lump sum which
you can deposit in PPF at any time,
[204]
try to deposit it before April 5 of each
year, so that you get interest for April
[211]
and for all the 12 months until March.
If you do not have a lumpsum amount
[216]
and you deposit small amounts every month,
even then try and deposit before the 5th
[223]
if you delay it after the 5th, you lose
the interest for that particular month
[228]
5th is the last date.
[230]
Another crucial thing to know is that
if you deposit money either online,
[234]
or in person through cash, your
money will be deposited instantly.
[238]
But if you use a cheque/DD, you can bear a
loss if they don't get cleared by the 5th
[247]
The day the amount is credited in the PPF
account, that will be the deposit date
[253]
Even if you submit a DD on the 3rd.
If it doesn't get cleared by the 5th,
[259]
and gets credited afterwards,
you won't get interest in that amount
[261]
So the worst-case scenario here
will be a person who, every year,
[265]
deposits Rs.1.5 lakh after 5 March. He'll
get interest for zero months each year
[272]
He won't get any interest
from April to March,
[275]
because he deposited in the last month
of the year, that too after the 5th.
[279]
This way, he won't even get
the interest for the last month.
[283]
The wise thing to do is to deposit the
money as early in the year as possible
[288]
The earlier you deposit, the more
money you can get from PPF
[292]
Before going, answer today's question.
One lucky winner will get Rs.51/- PayTM cash
[299]
The question is - Which section of the
Income Tax Act offers a deduction of PPF?
[307]
The options are on the screen.
[309]
Please don't answer more than once, and
mention the answer along with the option.
[313]
We'll come back again very
soon with a new video for you
[315]
If you liked this video, please press the
'Like' button and subscribe to our channel
[320]
Click the 'Bell' icon because like we
gave you very important information today,
[325]
we'll continue informing you
similarly in our upcoming videos.
[329]
If you want to see your name on this list,
you can become a member of our channel
[335]
by clicking the 'Join' button, and
you can keep supporting us
[339]
so that we can continue making
such videos in the future.
[341]
[Outro Music]
Most Recent Videos:
You can go back to the homepage right here: Homepage