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Questions and Answers
Your client has accumulated Rs. 1.82 lakh as on 31st March 2020 in a regular maintained PPF
account since she opened the account on 18thmarch 2018. You advise her to use PPf as a tax
efficient wealth accumulation tool to meet various goals when the account matures. You
advised her to invest maximum permissible amount in the beginning of every financial year and
she made one such contribution on 3rd April 2020 in her PPF account. Considering that she
follows the investment discipline and an average return of 7.5% is maintained throughout, what
would be the accumulated wealth when the initial maturity date of her PPF arrives?
Your client has accumulated Rs. 1.82 lakh as on 31st March 2020 in a regular maintained PPF account since she opened the account on 18thmarch 2018. You advise her to use PPf as a tax efficient wealth accumulation tool to meet various goals when the account matures. You advised her to invest maximum permissible amount in the beginning of every financial year and she made one such contribution on 3rd April 2020 in her PPF account. Considering that she follows the investment discipline and an average return of 7.5% is maintained throughout, what would be the accumulated wealth when the initial maturity date of her PPF arrives?
- a. Rs. 31.97 lakh on 31st March 2032
- b. Rs. 35.87 lakh on 31st March 2033
- c. Rs. 38.21 lakh on 31st March 2033 (correct)
- d. Rs. 34.04 lakh on 31st March 2032
