1 Questions
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?
c. Rs. 38.21 lakh on 31st March 2033
Test your knowledge on PPF investment and wealth accumulation. Calculate the accumulated wealth in a PPF account based on regular contributions and average returns, considering tax efficiency.
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