#1
27th December 2017, 04:10 PM
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Public Provident Fund Indian Bank
Hii sir, I Wants to get the Information About the Public Provident Fund Account of the Indian Bank ?
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#2
28th December 2017, 01:08 PM
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Re: Public Provident Fund Indian Bank
Indian Banks Public Provident Fund (PPF) scheme is a great investment which provides great return, and it is with tax benefits. You can invest from Rs. 500 to maximum Rs. 1,50,000 in one financial year Indian Bank PPF Interest Rate Interest rate on PPF account in Indian Bank is no different to all other bank and post offices rate. Current (FY16-17) interest rate for Indian Banks PPF Account is 8.1% Different PPF Calculation Modes, Which are Fixed yearly amount Fixed monthly amount Variable yearly amount Variable monthly amount Fixed yearly amount: If you want quick estimate of how much return should i earn if i invest x amount of money every year for next 15 years you can use this mode. Fixed monthly amount: If you want quick estimate of how much return should i earn if i invest x amount of money every month for next 15 years you can use this mode. Variable yearly amount: In most of cases we dont invest same amount of money every year. If you select this mode, you will be able enter different money for each year. Also you can assume/estimate how much rate of interest should be there in future (This is great add-on). Variable monthly amount: This is very advanced and detailed level of calculation. Here you can estimate your return maturity amount by providing detailed month wise investment. |