Ppf investment hack: double the benefits for husband and wife
Public provident fund (ppf) is one of the most popular long-term investment options in india, offering high interest rates and tax-free returns. But did you know that married couples can legally double their ppf benefits? Here’s how you can make the most of it.📌 1. Ppf basicsTenure: 15 years, extendable in blocks of 5 yearsInterest rate: around 7–8% per annum (compounded annually)Tax benefits: investment under section 80c and interest earned is tax-freeContribution limit: maximum Rs 1.5 lakh per financial year per accountPpf is safe, reliable, and helps in long-term wealth creation.👩❤️👨 2. How married couples can double benefitsBoth husband and wife can open separate ppf accounts in their own namesEach account can receive a maximum contribution of Rs 1.5 lakh per yearBy contributing full limit in both accounts, the couple can invest Rs 3 lakh per year legallyThis simple trick doubles both investment and interest accumulation over the long term.📈 3. Compounding advantagePpf interest is compounded annuallyWith two accounts, the combined interest grows faster due to compoundingOver 15+ years, this can create significant wealth while staying tax-efficientFor example:Investing Rs 1.5 lakh each in two accounts at 7.1% interest can yield nearly double compared to a single account.🏦 4. Tax benefits remain intactContributions in both accounts are eligible for deduction under section 80cInterest earned in both accounts is completely tax-freeThis strategy allows maximum tax saving legally while boosting long-term returns💡 5. Key takeawayMarried couples can legally maximize ppf investment by opening separate accountsDouble contribution = double interest, double tax benefitsConsistent investment over 15+ years ensures substantial wealth creationThis simple ppf trick is safe, legal, and effective — perfect for couples looking to grow wealth while minimizing taxes.
Disclaimer:The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. All information provided is for general informational purposes only. While every effort has been made to ensure accuracy, we make no representations or warranties of any kind, express or implied, about the completeness, reliability, or suitability of the information contained herein. Readers are advised to verify facts and seek professional advice where necessary. Any reliance placed on such information is strictly at the reader’s own risk.
Disclaimer:The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. All information provided is for general informational purposes only. While every effort has been made to ensure accuracy, we make no representations or warranties of any kind, express or implied, about the completeness, reliability, or suitability of the information contained herein. Readers are advised to verify facts and seek professional advice where necessary. Any reliance placed on such information is strictly at the reader’s own risk.