I didn't know so many of these points..always thought of PPF as a simple instrument.. thanks Shankar for this video...❤
@shankarnath
Жыл бұрын
Thanks Anujoy. Even I knew just 40% of it when I started researching but as I asked myself more questions, more points came up
@pbnair551
Жыл бұрын
Can a Permanent Resident of Canada continue the PPF and when the 15 year period ends, whether the maturity amount will have any tax implications in Canada or in India? Thanks for your guidance
@shankarnath
Жыл бұрын
@@pbnair551 Hello Mr. Nair, I'm not certain of tax implications in Canada. On twitter, someone did write about it but this is not verified information & it's better if a tax advisor is consulted in this context. twitter.com/TheReviewPicker/status/1642024820991995904
@samshirjagrala3491
Жыл бұрын
@@shankarnathAfter maturity ppf ki sbi passbook return milegi ya nahi ???
@sanjaysoni5246
7 ай бұрын
The most comprehensive talk on PPF ever. The Finance Ministry should put a link of this explainer on its Website. 🏆
@shankarnath
7 ай бұрын
Glad you liked it. Thanks!
@gaurav4149
10 ай бұрын
best part is pension without tax. hats off.
@shankarnath
10 ай бұрын
Thanks, glad you found that point useful
@lakshmanprasad78
16 күн бұрын
Heartfelt thanks @shankar nath. I have been investing in PPF for 2 decades now - but the point - interest free pension didn't strike me till you said in the video. I was aware of EEE - but never understood why the other debt product interest rates are revised whereas this is stagnant for years. I presume Guv wants to discontinue this product - but to me this is one of the finest products which we had the rates aligned with market.
@karthikeyanv463
Жыл бұрын
A comprehensive presentation of such a well known but not fully understood investment. Thanks a lot Shankar ❤
@shankarnath
Жыл бұрын
Thank you very much, Karthikeyan
@advanced7922
Жыл бұрын
@@shankarnath 😊
@AdithyaRA26
Жыл бұрын
Sir thank you, my perception of how i can leverage PPF has completely changed especially "withdraw only the interest after maturity and extension and get pension without using up your PPF balance" i was thinking of withdrawal only, now i can maximize my passive income tax free after retirement using this. Best wishes to you sir
@GodKnowsWhoAmI
Жыл бұрын
Yes. That's a brilliant idea.
@shankarnath
Жыл бұрын
Glad to hear that, Adithya .. and happy to know this works for you. The important part is to understand the rules and keep a track of potential changes in the future.
@yashthakar9441
Жыл бұрын
this is quiet a perspective. my long term plan is to get to 80 lakhs on PPF account in next 25 years. even if the interest then is 4% it should help.
@rsv1503
7 ай бұрын
I understood more upon re-watching. Thank you very much Shankar, for providing all the necessary points.
@ganeshbaskaran9911
Жыл бұрын
PPF is the SAFEST option for retirement - thanks for sharing all the details around PPF!! 👍
@shankarnath
Жыл бұрын
Most welcome 🙌
@rohanshinde4327
Жыл бұрын
NPS is better with a little more returns, since it has equity allocation.
@vikram0607
Жыл бұрын
I never knew that I can get cheaper loans by using PPF. Thanks for this great video Shankar sir 🙏
@shankarnath
Жыл бұрын
Most welcome, Vikram. Glad you found it useful. Yes, a 3 year loan at 8.1% seems interesting.
@debajanisarma1673
Жыл бұрын
Can a PPF ACCOUNT be transformed into a NPS ACCOUNT?How?
@vikram0607
Жыл бұрын
@@debajanisarma1673 I don't think so
@rachitchabra539
Жыл бұрын
Hats off to Mr. Pathak, he is so humble..
@Iva428
Жыл бұрын
Thank you for this video. It was very informative. All these years I thought I knew everything about PPF and I was wrong 😊 Thank you for sharing all the information!
@shankarnath
Жыл бұрын
Thank you very much, Iva. Glad you found the video informative
@manikandanrajendhiran5952
Жыл бұрын
I had lots of questions in ppf . It's very helpful and clear
@shankarnath
Жыл бұрын
Glad this video helped 🙌
@neelamvalecha4837
Жыл бұрын
Thanks Shankar Ji for providing clarity . As usual all your presentations in your this channel are of excellent quality always.
@shankarnath
Жыл бұрын
Thank you Neelam ji. Glad you found the video's presentation and its content informative and helpful.
@ramangarg9990
Жыл бұрын
Didn't know penalty of 1 percent interest for partial withdrawal,,excellent and unknown points covered in this video
@shankarnath
Жыл бұрын
Thank you!
@shejwalkarhemant3110
Жыл бұрын
You spoke my thoughts about PPF aloud. It's probably the best pension instrument. All it requires is patience.
@shankarnath
Жыл бұрын
Good to know that 🙌
@lordrdx666
Жыл бұрын
Absolutely stellar video... PPF investing 101.... Crisp, clear, concise yet jam packed with info... Now please one video on ELSS funds & some examples of ELSS returns of past 15 to 20 years.. It will be a good alternative to this video also.
@shankarnath
Жыл бұрын
Thank you very much, Ravi. I'll try .. but that being said, ELSS has become a really confused category now .. 1st comes index ELSS funds and 2nd, the FinMin has a vendetta to make the new regime the only option when filing returns
@lordrdx666
Жыл бұрын
@@shankarnath ah I see, but under the new regime is ppf included in EEE when filing for returns or no?
@rajaniksharmasharma1400
11 ай бұрын
Well explained ....You have cleared all my doubts. Thanks.
@shankarnath
11 ай бұрын
Glad to hear that
@pbnair551
Жыл бұрын
Thanks a lot Mr. Shankar for the reply on NRI PPF a/c. Your videos are highly succinct🙏🏼👍🏻
@shankarnath
Жыл бұрын
Most welcome, glad you are liking them
@jebastinyabase5955
Жыл бұрын
This video has lots of information, so many youtubers missed including their videos.. Great Job... Shankar Sir🎉🎉
@shankarnath
Жыл бұрын
Thank you Jebastin, glad you found the video useful. The PPF is an essential instrument so it's good to know everything about it esp when it's curated in 16 mins :)
@dr.shirsenduchatterjee8785
Жыл бұрын
Current ppf interest rate is 7.1% ....Great video 👍
@rahulkrishna848
Жыл бұрын
Thank you for the detailed video. It added much more information to what I already knew
@shankarnath
Жыл бұрын
Most welcome, glad you found it useful
@dhanashreenagarkatte3767
Жыл бұрын
Thank you very much , very useful information . Many important points regarding after 15 years have been given . Very well explained. Sir request you to upload more videos on retirement planning. Many upload videos of early retirement but no one does videos on what to do with retirement funds . Please enlighten on this as well. Thank you. Your style of explaining is very succinct and to the point.
@shankarnath
Жыл бұрын
Most welcome, glad you found the content useful and information. And thank you for your suggestion on retirement planning.
@AnanthLakshmi4846
17 күн бұрын
Thanks for this wonderful video, Post maturity will it be credited entire amount to my bank account?
@krishnakumarsubramaniam5312
Жыл бұрын
Thanks Mr.Shankar for the comprehensive Video on PPF!
@shankarnath
Жыл бұрын
Most welcome, Mr. Krishnakumar. Glad you liked it
@yashthakar9441
Жыл бұрын
Quiet an amazing and detailed video. thank you so much for this. i have already availed 2 extensions on my PPF Account . how many more extensions can i get ? i am 33 and my account was opened when I was a Minor. also I like EEE status as i am in no mood to pay 30% tax on any investment.
@shankarnath
Жыл бұрын
Thanks. There are no restrictions on the number of extensions as explained in the video
@loveunlimited20
Жыл бұрын
Thanks for shedding light on this subject with such depth and clarity.
@shankarnath
Жыл бұрын
Most welcome, Mayank. Yes, PPF is an important topic, most of us have a PPF account.
@rajasekaransuresh9934
Жыл бұрын
Very Clear explanation. Thank you sir 😃
@shankarnath
Жыл бұрын
You are most welcome 🙌
@Lamp141
Жыл бұрын
Badly needed such a deep dive on Senior Citizen Savings Scheme (SCSS) please.
@shankarnath
Жыл бұрын
Pls watch info on SCSS in this video: kzitem.info/news/bejne/o35r2JN5r6WTfqw
@arjunps6776
Жыл бұрын
What a fine video! This will go into my 'watch again' list. Only thing I worry about PPF is the interest rate. It has been steadily declining and we can expect it to fall to 5% in some years time as we keep inflation under control and govt encouraging public to invest more in instruments with some risk rather than risk free assets like PPF. Also with the new tax regime becoming the default regime, the EEE feature also might become obsolete in future. Overall, I don't see a bright future for PPF in which I've myself invested and which matures for me in 2026.
@shankarnath
Жыл бұрын
Thank you!
@sandeep-kr
Жыл бұрын
Thank you for providing such detailed video😊
@shankarnath
Жыл бұрын
Most welcome. Glad you found it informative!
@perugujayachandra7667
9 ай бұрын
Hi Shankar Nath, that was good insight about PPF, where as if i want to continue > 15 years, the same is being processed with PPF, and the customer will get compound interest as like previous how was got. In short compound interest will get as long as I continue in depositing money in PPF account. Pls clarify. Thanks, Jayachandar P.
@shankarnath
9 ай бұрын
Thank you. Per my understanding, for accounts over 15 years, one need not contribute every time to receive interest. Even if you opt for "extension without contribution", still interest is receivable on the PPF balance. Please have a second check on this as rules might have been updated. Thx!
@perugujayachandra7667
9 ай бұрын
@@shankarnath thank you on your quick reply. Great inputs.
@balwantgusain7904
Жыл бұрын
Wonderful presentation. God bless❤
@shankarnath
Жыл бұрын
Thanks!
@manoranjansahu2692
Жыл бұрын
Thanks a lot for clearing many doubts
@shankarnath
Жыл бұрын
Most welcome!
@student1321
Жыл бұрын
Shankar Sir, big fan of your knowledge. Needed some financial advice from you
@shankarnath
Жыл бұрын
Thank you
@sushantpradhan8216
Жыл бұрын
Thank you sir for such a wonderful informative video. I am big fan of PPF, I could get some new insights like the rules regarding the loan against PPF
@shankarnath
Жыл бұрын
Most welcome. Glad to hear that, Sushant .. and hope you'll use this information to good effect and also share the video with others who might find use of this info.
@Rome2crazy
Жыл бұрын
Thank you for your valuable information 🙏
@shankarnath
Жыл бұрын
You're most welcome
@shilpiburman7102
Жыл бұрын
This was such an in-depth information on what is commonly perceoved tp be a simple instrument - big thumbs up. I had one query. Lets say my 15 year tenure ends in 2024. Can I withdraw amount from that, shut down the account, and restart a fresh one in my name from say 2025/26 onwards?
@shankarnath
Жыл бұрын
Thank you, glad you found the same informative and useful. With re: your query, I read somewhere that one can do that i.e. close the PPF account after withdrawing money after 15 years and then start a new one. I haven't come across anyone who has done that but if keen, please do check with your nearest post office
@skycloud1401
4 ай бұрын
Best details thank u
@shankarnath
4 ай бұрын
Most welcome 😊
@naveenkumarsharma2716
Жыл бұрын
Excellent presentation Thanks for valuable informations 👏👏👍👍
@shankarnath
Жыл бұрын
Most welcome. Happy you found the content useful
@suhasvarna2463
Жыл бұрын
Thank you, for this detailed video. One small point is Some banks ask NRI's to close the account or say nri's can't contribute to existing ppf account . However both or wrong NRi's can continue to hold and contribute to account until maturity and they can withdraw all the money on Non - repatriation basis only. Still not sure how taxation on this works because NRI's would not have paid income tax for few previous years A grey area.
@shankarnath
Жыл бұрын
Most welcome
@shaaongoswami4139
Жыл бұрын
Excellent video! One question on switching between with/without contribution options during extension.. when u say that once a particular option is chosen then that can not be changed in future.. does the 'future' mean only during that particular 5 years block or all the future 5 years blocks extensions.. Do I get to choose between the with/without contribution options everytime I opt to extend after the previous extension ended?
@shankarnath
Жыл бұрын
Thanks. Yes, my understanding is you cannot change options in that account forever. I mean there is no explicit option to switch from a "without contribution" extension to a "with contribution" option. That being said, there is some interpretation of rules involved here so I suggest reaching out to the appropriate authorities and seeking a second opinion. It's always a good practice to do that
@HimanshuSharma-ec6hy
Жыл бұрын
Thank you Shankar for another marvel! Great content, I’ve shared your video link to many of my senior family members. I’m sure they’ll be curious and they’ll love your videos too. Please keep posting such videos. Thank you! -Himanshu
@shankarnath
Жыл бұрын
Most welcome & thank you for the shares, Himanshu ji
@pritilotlikar2704
Жыл бұрын
0:05 what if a person opens a second ppf account and closes it only on maturity I.e after 15 years. Will he be able to get back his principal amount?
@deepeshkumar100
Жыл бұрын
Thanks for the detailed explanation with this subject.
@shankarnath
Жыл бұрын
Most welcome Deepesh
@GodKnowsWhoAmI
Жыл бұрын
An absolutely brilliant video. Loved point 7, using PPF interest as tax free income. I have a question around it. I have taken my first extension with contribution. When u say that one cant change from with to without, does it mean that u can never do that or u have the option of changing it at the time of next extension. Also. U mentioned about yhe math if one has chosen the option of with contribution. Could you please elborate on how can we calculate it.
@shankarnath
Жыл бұрын
Thank you. 1. With re: your query and from what I have researched - a subscriber cannot change from "with" to "without" and vice-versa. But having said this, there might be a less preferred option aswell i.e. close one PPF account and open another PPF account thereby restarting the 15-year process. I read it on Quora so this is not verified info 2. On "with contribution" part, there is no hitch on the pension math as one can withdraw upto 60% of the balance and in the example, 8% of 50 lakhs is 4 lakhs of interest - which means there is enough withdrawal buffer there. However care needs to be exercised when planning major expenses e.g. say one needs to purchase a house and needs 40 lakhs. However if you have a "with contribution" PPF a/c then only 60% i.e. 30 lakhs in our example is withdrawable. So these scenarios have to be factored.
@GodKnowsWhoAmI
Жыл бұрын
@@shankarnath thank u so much for the prompt response. This is really helpful. So I could contributing in a given year say, even the minimum amount of 500 after I retire; and I also have the option of withdrawing, like 7% or 8% in the same year. And the best part is, this income is tax free. You made my month. 🙏
@shankarnath
Жыл бұрын
Yes, you can deposit the minimum and you have the flexibility of withdrawing a small but reasonable % every year during the extension period. This can be done once a year and yes, this is tax free unless you fall under Section 194N which I explained in the Taxation section of the video
@GodKnowsWhoAmI
Жыл бұрын
Thanks. Unlikely to happen in my case, but will be mindful.
@mohammadfiroz5085
Жыл бұрын
Wonderful content... Thank you very much...
@shankarnath
Жыл бұрын
Most welcome, glad you found it informative
@avinashkhopade4708
10 ай бұрын
Great video. Thanks a lot. Please create a video on Sukanya Samruddhi Yojna and similar government investment schemes.
@shankarnath
10 ай бұрын
Thanks for the appreciation and suggestion
@ramyasri6093
Жыл бұрын
So many new things .as always.. thanks sir. One query please 1) now interest rate is 7.1% & let's assume it remains same till 3 more years. If after 3 years interest rate becomes 6 % ,will my entire investment receive only 6.1% from the 4th year?
@shankarnath
Жыл бұрын
Yes, the PPF balance for that period (until the next rate change) will be at 6.1%
@pandityajur
Жыл бұрын
Shir Shankar Nath, Following you from your earlier days, stopped following that older channel as was habituated to your voice and method of explaining. Wish you best of luck
@shankarnath
Жыл бұрын
Thanks a ton for the kind words, appreciation and patronage
@rizwankhan-fq8hd
5 ай бұрын
Very informative video
@shankarnath
5 ай бұрын
Glad you liked it
@senthilkumarg.s3288
Жыл бұрын
what a clarity... Excellent one..
@shankarnath
Жыл бұрын
Thank you
@KUMARAMV
Жыл бұрын
Great video @Shankar Nath ! I have a question as to what happens when a PPF account holder dies. As a first step, I guess the nominee has to inform the bank/post office about the death of the account holder. What happens in case the nominee forgets to inform? Let us say, the nominee informs after a year of death. Will the PPF account continue to accrue interest during this period?
@shankarnath
Жыл бұрын
Thanks. Per a valueresearchonline article - 1. The balance amount in the PPF account will continue to earn interest till the amount is claimed by the nominee or the legal heir. 2. However, the excess amount deposited in a PPF account after the death of the subscriber will not attract any interest and will be returned as it is to the claimant www.valueresearchonline.com/stories/51143/on-the-account-holders-death-what-happens-to-the-ppf-account/
@KUMARAMV
Жыл бұрын
@@shankarnath Thanks again!
@sreeramgr
Жыл бұрын
Thank you Sir. Good one. I think you have mentioned as 400 rs as initial deposit instead of 500 rs in 3:17 time
@shankarnath
Жыл бұрын
Yes, slip of tongue
@GadgePranav
Жыл бұрын
Thanks for the information Sir. Can you compare PPF Vs NPS?
@shankarnath
Жыл бұрын
Thanks for the suggestion
@paragvaishampayan9501
Жыл бұрын
Consistent upto Mark.really appreciable well designed content 🙏
@shankarnath
Жыл бұрын
Thank you very much
@rajeshh6073
Жыл бұрын
Thanks a lot sir...... Please explain similarly for NPS
@shankarnath
Жыл бұрын
Thanks for the suggestion
@aaishsindwani5519
Жыл бұрын
Really informative video shankar. It would be greateif you can make a similar video on NPS as well. I was trying to search for full fledged video on YT. Didnt find any such video for NPS.
@shankarnath
Жыл бұрын
Thanks for the suggestion
@sabyasachiacharya4848
Жыл бұрын
Thanks for educating us. Can you please make a video on EPS95, quite a few things are not clear.
@shankarnath
Жыл бұрын
Thanks for the suggestion
@IrfanMujawar
Жыл бұрын
One clarity/ question If I have say 15 lack at the end of 16 years can I draw some amount (say 9 lack) after 16 years and continue my account as usual by depositing regular amount? Very useful video as always. Thank you.
@shankarnath
Жыл бұрын
Thanks. Yes, please watch the section on extension for more details
@sourabhpatel2391
Жыл бұрын
Great video Shankar Sir. Can you please suggest which is better for retirement, PPF vs EPF vs NPS vs Index Fund. please do reply and if possible make a detailed video like this one.
@shankarnath
Жыл бұрын
Hello Sourabh. I can't comment on which is better because this depends on other variables like age, corpus requirement, future goals, savings rate, post-retirement expenses etc. It's like cricket - the required run-rate decides your batting approach (unless you are Bazballing). Thanks for the suggestion though.
@manojhazarika8429
Жыл бұрын
Another gem from you. Can one have PPF account in hisor her name as well as the SSY?
@shankarnath
Жыл бұрын
Thanks! Yes, one can open a PPF account in the daughter's name and also have an SSY account.
@manojhazarika8429
Жыл бұрын
@@shankarnath thank you
@genericstospecifics1856
Жыл бұрын
Hi Shankar, Thanks for the awesome content. I have a question unrelated to the current video, and I'm not sure where to post it, so I'll ask you here. Is it a bad idea to invest solely in the Nifty Small Cap Index for the long term? Context: Typically, small cap indices provide higher returns than the Nifty 50 for obvious reasons. However, they are also more volatile, which may be a problem if someone needs to withdraw their investment when the markets are down. Assuming I am certain that I won't need the money I invest for the next 20 to 30 years, why shouldn't I invest in the Nifty Small Cap Index? Let's say I can invest ₹50,000 every month. Why should I not put ₹45,000 in the small cap index and ₹5,000 in gold as a hedge? I claim that I won't need this money for the next 20 to 30 years because I have an emergency fund for six months, term and health insurance, and I expect my income to increase over the coming years, which should be sufficient to meet any other financial goals that arise along the way.
@shankarnath
Жыл бұрын
Thank you! A couple of things: 1. It might surprise you but between large, mid and small cap indices -- it's the midcap index which has offered the highest returns. So if returns is your only criteria, then history is on the side of the Midcap150 and not Smallcap250. Even on a 3 year rolling return basis, Midcap150 averages 14.4%, while the Smallcap250 avg is 11.6% 2. Over time, I've seen the large and small cap indices and ofcourse, different asset classes move in cycles of valuations and preference. The smartest way of investing is to work these cycles to one's benefit which not only improves performance but reduces volatility. I covered some of this in my video on Asset Allocation and explained how a 60% equity investor received better returns over a 100% equity investor over the long run. Since you are a long-term investor (20-30 year horizon), you might want to consider that.
@genericstospecifics1856
Жыл бұрын
@@shankarnath yes I remember the video you are reffering to, I will go watch it again, thank you very much for the prompt reply. I hope you get the millions of subscribers you deserve, so you cannot reply to everyone like now 😭
@gopikannans9246
Жыл бұрын
An excellent session on PPF.
@shankarnath
Жыл бұрын
Thank you Gopi, glad you liked it
@naveenkumarsharma2716
Жыл бұрын
Excellent presentation, Please elaborate more on PPF corpus ….. to be used as Pension withdrawal.
@shankarnath
Жыл бұрын
I explained that part in point 7 of the video. Kindly share what more details you'd like to have on this. Additionally, there is a thread on twitter which offers similar details .. have a look: twitter.com/deepeshraghaw/status/1595715721124020224
@Ragupathy007
Жыл бұрын
Iam coming after watching video from physocology in tamil youtube channel
@shankarnath
Жыл бұрын
Good to know, Ragupathy. I also watched it now .. very nice of Dr. Jithendra to feature my channel & wonderful to know he likes my content.
@KnowledgebringsWisdom
Жыл бұрын
DETAILED INFORMATION THANKS😊
@shankarnath
Жыл бұрын
Welcome!
@rohittripathi6569
Жыл бұрын
Thank you so much sir
@shankarnath
Жыл бұрын
Most welcome, Rohit
@rohittripathi6569
Жыл бұрын
@@shankarnath 🙏
@raghuprasad01
Жыл бұрын
Hi. Thank you for the Video in a case where I opt ted to close the account after maturity and withdraw all the money in this case can I open another account? Thanks again for your time
@shankarnath
Жыл бұрын
Hi Raghuram. It seems one can do that i.e. close the PPF account after maturity or the extension block of 5 years. And then open another PPF account. I read this in a Quora post but found no such literature in news or blogs etc. You might want to enquire that scenario from your local post office or bank.
@rishuraj2806
Жыл бұрын
Sir please discuss NPS in simliar manner and one video on higher pension of EPF.
@shankarnath
Жыл бұрын
Thanks for the suggestion
@jsmehta99
Жыл бұрын
Very informative. Can you make one on EPF? Especially the confusion on withdrawal. 2 points unclear - What if someone decides an early retirement say in 50is - can they withdraw complete epf? Believe one can retain EPF upto 36 months post early retirement / last job. Not clear on this 36 months. Say one resigns in Dec'22. Is 36 months calculated from Jan'23 onwards or FY - Apr'24 onwards.. Would help clarify the same..
@shankarnath
Жыл бұрын
Thank you for the suggestion. While I don't have a timeline, I'll certainly do a video on EPF when I am more prepared
@basiljose6929
Жыл бұрын
Current PPF interest is 7.1%, not 8%. Great video for the starters.
@gyanendrakumarsewak184
9 ай бұрын
What will be the condition when we don't extend the limit nor get maturity on date & time goes on & apply for maturity after a few months..
@276sachin
Жыл бұрын
Very insightful!! Please create a video on EPF also
@shankarnath
Жыл бұрын
Thanks for the suggestion
@GeekyPuneet
Жыл бұрын
*I have been investing 1.5lacks per year in ppf, two installments have been deposited.*
@harishgopinath
Жыл бұрын
Very valuable information on PPF. On the minor PPF contribution I have been contributing 1.5 L every year and same amount in my PPF acct as well. Both of us are getting full interest on it as applicable. I am not sure why you are saying parent and minor cannot have more than 1.5L I'm aggregate in a year. Pls advice.
@shankarnath
Жыл бұрын
Thanks for your kind appreciation. As per paragraph 4 of the Public Provident Fund (PPF) Scheme, 2019 an individual can contribute no more than Rs 1.5 lakh to his and the minor child's accounts taken together in a year. Please refer to page 1 of this PDF: www.indiapost.gov.in/VAS/DOP_PDFFiles/Savings%20Bank/Public%20Provident%20Fund%20Scheme%202019%20English.pdf
@harishgopinath
Жыл бұрын
@@shankarnath Thanks for the prompt response. Surprisingly I am getting full interest (against full deposits of 1.5L each) on both the accounts (myself and minor) since last several years now. If I continue to contribute 1.5 L each in future as well in both the accounts, will it have any complications?
@shankarnath
Жыл бұрын
@@harishgopinath Sorry, I have no idea on what this might lead to. As you have seen, the Scheme is rather clear on it. Maybe you can consult a chartered accountant who might have more info in the matter.
@macbro5903
Жыл бұрын
good well done
@shankarnath
Жыл бұрын
Thank you!
@rgupta3285
Жыл бұрын
I was going to open a PPF account for my two year old. Thank you for saving my time. It would be really helpful if you could make a video on good investment options for minors.
@yashthakar9441
Жыл бұрын
good to start early and invest atleast 500 frr first few years. i believe sukanya samriddhi is currently 1% higher interest than PPF.
@shankarnath
Жыл бұрын
Thanks for the suggestion
@jitendertaneja2269
Жыл бұрын
excellent 👋👋
@shankarnath
Жыл бұрын
Thank you!
@vinod2915
Жыл бұрын
@shankar, you might want to check if PPF contributions between the minor and his parent are exclusive.
@shankarnath
Жыл бұрын
Can you share some opposing literature on this?
@narayannb4107
3 ай бұрын
PLEASE ANSWER THIS: If I open a PPF account this year with Rs. 60,000/- yearly investment, can I increase this yearly investment after some years? (Say after 4-5 years)
@shankarnath
3 ай бұрын
Yes, you can
@vishalgautam-ky2oo
Жыл бұрын
Dear Sir, you gave wonderful information . Thanks a lot. But information regarding the extension period was not discussed. How many we extend PPF after 15 years . please tell
@shankarnath
Жыл бұрын
Hello. I said "extension can be done any number of times and in blocks of 5 years" in the video. Kindly go through that part again.
@vishalgautam-ky2oo
Жыл бұрын
@@shankarnath thanks Sir .please continue good work
@vishalgautam-ky2oo
Жыл бұрын
Sir , just one thing a want to say that , i have checked with post office only 02 times ppf may be extended after 15 years.Kindly reply Sir so things may be cleared
@shankarnath
Жыл бұрын
@@vishalgautam-ky2oo Hi Vishal, in that case it would be good for your post office contact to point out the related clause. For your benefit, I am attaching the link for PPF Scheme, 2019 from the India Post website : www.indiapost.gov.in/VAS/DOP_PDFFiles/Savings%20Bank/Public%20Provident%20Fund%20Scheme%202019%20English.pdf
@vishalgautam-ky2oo
Жыл бұрын
@@shankarnath thanks Sir for your prompt response
@nathonluke4058
6 ай бұрын
Questions i have... Lets say i close my PPF account after 15years and by that tym, Taxation system changes. Wherein, the intrest generated from PPF is taxable and Lets say the principal amount also gets taxable. Am i liable to pay the tax at that tym? Or is it like the tax system of this year will be followed throughout that PPF account, until i close it. Thanks for npticing the comment and answering.
@shankarnath
6 ай бұрын
Hello. You'll have to take this up with your tax advisor & he/she can give an answer only after the government order has been read and understood.
@jacoblalmuanpuia7987
7 ай бұрын
I have worked with 2 companies. Both open separate PF for us but since I joined a government job they are discontinued. My first contract job at the Government refused to give me details about it now I'm a regular but at a different department which uses NPS. How can I withdraw all or combine my account can I get a tip sirji.
@alexstanley4684
Жыл бұрын
Thank you sir for making this video. I have a question here - if a person's parent had opened a PPF account when he was a minor and then after he becomes a major he himself pays for this PPF. So can he get tax exemption for this under section 80C considering he was not initially making payments for this when he was a minor?
@shankarnath
Жыл бұрын
Most welcome. In my view, this major person can claim tax deduction as the PPF account is in his/her name and he/she made the payment. However, since I am not a tax expert, it'll be in your interest to check with your chartered account/tax advisor
@viveksingla4095
Жыл бұрын
Good one....are you able to make one on New Emloyee Pension Scheme. No one can do better than you👍
@shankarnath
Жыл бұрын
Thanks for the suggestion
@gauravpatel5912
Жыл бұрын
If I transfer PPF A/C from post office to bank in 14th year, so do it again locked in for next 15 years or not?
@mikeali5400
7 ай бұрын
Can I switch from PPF to NPS .I recently open PPF but one NPS more
@harmohitsingh6075
6 ай бұрын
Hi Shankar - So PPF without contribution is default option after completion of 15 years ?
@shankarnath
6 ай бұрын
Hi, I'm not updated on the latest rules. Here's a related article you'll find useful: www.valueresearchonline.com/stories/52080/should-i-close-or-extend-my-ppf-account/
@harmohitsingh6075
6 ай бұрын
Thank you 🙌🏻🙌🏻@@shankarnath
@sunilchandran4u
6 ай бұрын
My PPF account maturity date is on 01 APR 2024 (in few days) , When i should submit the form H for extension with contribution in my bank ? please help!
@aritrabhattacharya1530
Жыл бұрын
it's my plan already
@akshaykumarbothare3467
Жыл бұрын
Sir maine august 21-22 ko ₹500 se ppf account open kiya hai aur mujhe abhi September 5 tarikh ke pahle ₹70000 deposit krna hai to mai kr sakta ho kya? Aur mujhe next financial year mai lumpsum april 5 se pahle deposit kiya to chal skta hai kya? Pls sir guide
@sanjoonri70
Жыл бұрын
Sir , can one put 1.5 kakh each fin yr after extention of ppf a/c? as early
@ShantanuPareek
Жыл бұрын
Great Content! But I did not understand information about 8% returns at timestamp 1.21.. Current interest rates are 7.1%. Are you mentioning 7.1% + tax slab? Please clarify.
@shankarnath
Жыл бұрын
Thanks. At 1:21, I have projected an example (notice I used "Estimated" and "Returns" and not Current PPF Interest Rate) with the intent of explaining how much yield is needed on a debt mutual fund. Personally, I find it easier to understand calculations with absolute numbers like 8% or 10% rather than 7.1% or 7.9%
@ShantanuPareek
Жыл бұрын
@@shankarnath Again, I am making my request, please make one video on Physical Real real estate aspects particularly plots vs Flat vs commercial space. Earlier Older generation used to spend on this but now I do not see any value. But Need your perspective as I live in Bangalore from very long and want to careful with respect to investing due to social media propaganda (Plot vs flat Is it necessary post having own house). Please give me Bonus with your videos on this as I am promoting you and your channel since ET money days. :)
@abhishekshukla2745
Жыл бұрын
Please make video on how to transfer PPF account from one bank to another.
@shankarnath
Жыл бұрын
Thanks for the suggestion. In the meantime, perhaps this article can help: www.bqprime.com/personal-finance/ppf-how-to-transfer-your-ppf-account-to-another-branch-or-bank#:~:text=Step%201%3A%20Visit%20your%20existing,bank%20branch%20or%20post%20office.
@piyushkumar-me1nb
4 ай бұрын
Ppf interest tax free even in new tax regime?
@harshavardhan2755
6 ай бұрын
Hi @shankar after 15 years . if we extend by 5 years do we need to have invest 150000 every year
@shankarnath
6 ай бұрын
Hello. This part was covered in the with and without contribution bit. May I request you to watch that chapter again
@janusalex
Жыл бұрын
Sir, you gave credits to Roma Roma anthem. But I couldn't hear it in the video. Where it's used? And are you an AS Roma fan (for this beautiful anthem we need not be fan of AS Roma though:) )
@shankarnath
Жыл бұрын
Not sure of the context here. But no, I support Chelsea FC
@janusalex
Жыл бұрын
@@shankarnath never mind sir, that's a miss from my side, still you can listen to Roma anthem :)
@nelvingeorge6683
6 ай бұрын
Maximum of 12 contributions are for a particular year or the whole 15 year?
@shankarnath
6 ай бұрын
12 per year
@rajkumart6733
6 ай бұрын
Is it still good to invest in ppf though stocks and mfs give more than that.? If yes how much percentage of savings we can contribute in this?
@shankarnath
6 ай бұрын
I don't think one should compare PPF with equities. Afterall: 1. PPF is a public savings program & not a wealth building program 2. PPF is debt-oriented while equities is market-linked. There are pros and cons in both approaches
@aishwaryakarthik7909
6 ай бұрын
HI Sir, I would like to ask a major doubt i could'nt get the answer anywhere. I am 28 years old planning to invest for my retirement. In order to have a good asset diversification i have 15% allocated to debt for 25 years . Then slowly increasing to 100% for my retirement . My question here is in which debt fund should i invest at my starting stage(for that 15%) for long term debt investment. Reply
@shankarnath
6 ай бұрын
May I suggest you work with a good financial advisor on queries like these. This question is not about which debt fund to invest in, it's more deeper and is about how to allocate assets such that safety and wealth creation both go in unison.
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