Deposits after 5th would mean lower interest

You must deposit money before the 5th of every month, since interest is calculated on the least balance between 5th and 30th of each month.

So, it is advisable to act accordingly.

Deposit lumpsum

PPF allows you to invest in small amounts regularly. However, if you have money at your disposal, you must invest the entire amount at the start of the year and before the 5th. The ideal date would be April 5. This would ensure that you receive interest rate for the entire year without bothering about depositing before 5th of each month.

Look at banks with online facility

It's best to open a PPF account at a bank as they offer online transfer facility. This would ensure quick remittance, particularly keeping in mind a deadline mentioned in the previous slide.

Limit enhanced in the Union Budget

The Union Budget 2014 has announced an increased amount that you can invest in PPF. So, go ahead and make the best use of the enhanced limit of Rs 1.5 lakh.

Dual tax benefits

PPF is among the very few instruments in the country that offer a dual benefit of Sec 80C benefits as well as the interest earned is tax free.