If you invest a lump sum on or before 5th April of every year in PPF you would get the advantage of interest added for the whole year thus giving you maximum money.
What is PPF?
The Public Provident Fund (PPF) is one of the popular tax-saving schemes. It is one good investment option for retirement planning/ Kids Higher Education.
How to earn maximum money?
Simple Invest Lump Sum of 1.5Lakh on or before April 5th of every year.
| Financial Year | Amount Deposited (₹) | Interest Earned (₹) (7.1% - 2022 ) | Year End Balanced (₹) |
| 1 | 150000 | 10650 | 160650 |
| 2 | 150000 | 22,056 | 332,706 |
| 3 | 150000 | 34272.14 | 516978 |
| 4 | 150000 | 47355.46 | 714334 |
| 5 | 150000 | 61367.7 | 925701 |
| 6 | 150000 | 76374.8 | 1152076 |
| 7 | 150000 | 92447.41 | 1394524 |
| 8 | 150000 | 109661.18 | 1654185 |
| 9 | 150000 | 128097.12 | 1932282 |
| 10 | 150000 | 147842.02 | 2230124 |
| 11 | 150000 | 168988.8 | 2549113 |
| 12 | 150000 | 191637.01 | 2890750 |
| 13 | 150000 | 215893.23 | 3256643 |
| 14 | 150000 | 241871.65 | 3648515 |
| 15 | 150000 | 269694.54 | 4068209 |
Detailed EXCEL sheet calculation can be found here ->