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Get Rs 1.33 Crore By Opening PPF Account In Wife Name
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News18•18-10-2026, 17:06
Get Rs 1.33 Crore By Opening PPF Account In Wife Name
- •Public Provident Fund currently offers an annual interest rate of 7.1 percent.
- •Husband and wife can open separate PPF accounts and invest up to Rs 1.5 lakh each annually.
- •Investing regularly for 20 years across both accounts can help build a corpus of around Rs 1.33 crore.
- •Depositing the yearly amount by April 5 or monthly by the 5th yields better interest benefits.
Key Questions Answered
The Public Provident Fund (PPF) currently offers an annual interest rate of 7.1% for investors.
By opening separate PPF accounts in both the husband and wife's names, the family can double their annual investment to Rs 3 lakh. With regular contributions and compound interest over a period of 20 years, this strategy can help build a corpus of approximately Rs 1.33 crore.
An individual can deposit a maximum of Rs 1.5 lakh per year in a single PPF account, as joint accounts are not permitted under this scheme.
