PPF: PPF is a 'money-making machine'; learn these 5 secret rules to become a millionaire..

People are often searching for the perfect option for a safe investment. That's why, when it comes to absolutely safe investments and government guarantees, the first name that comes to mind is PPF (Public Provident Fund). But do you think that simply opening a PPF account and depositing a small amount every year is truly taking full advantage of it?

Then, consider that PPF isn't just a savings scheme, but a 'slow-motion' secret path to becoming a millionaire. So, without further ado, let me tell you five things about PPF that no one will often explain to you. If you understand these tricks, your money can grow like a rocket.

1. The Real Game of Dates
People often invest at the end of the month after receiving their salary, and this is where they make the biggest mistake. PPF interest is typically calculated based on the lowest balance between the 5th and the last day of each month. Therefore, if you invest after the 5th of the month, you won't receive interest for the entire month. Therefore, if you want significant returns, you should deposit between the 1st and 5th of each month.

2. Is there a loan available against PPF?
Even though you're investing in PPF, few people know that you can avail of a low-cost loan against your PPF balance if needed. Yes, you can easily avail of a loan between the third and sixth year of account opening. The interest rate is very low (PPF interest + 1%), meaning it's better to take a loan here rather than risking expensive personal loans in the market.

3. The Safest Money Option
If you ever get caught in a huge debt trap or file for bankruptcy, neither the court nor any bank can touch the money deposited in your PPF account. In such a situation, your hard-earned money deposited in PPF is legally considered completely "bulletproof." You won't find such security in any other option, like mutual funds or fixed deposits. This is why it's the best investment option for the future.

4. 15 Years Is Just the Beginning
People often think that 15 years are over and the PPF investment is over, but the real magic begins after that. In fact, its true magic begins after that. Yes, after 15 years, you can extend it as many times as you want for 5-year periods. Yes, if you continue this investment beyond 15 years, your money will grow at a rate you can't even imagine. So consider it a "retirement treasure."

5. Account in the name of children
You can open a PPF account in the name of your young children and secure their future instantly. By the time your child grows up and needs money for college or business, they will have a substantial tax-free fund. Because it falls under the EEE (Exempt-Exempt-Exempt) category, you won't have to pay a single penny of tax on investment, interest, or maturity.

Important Tips
Take full advantage of the exemption of up to 1.5 lakh rupees under Section 80C in the old tax system.

People often forget to appoint a nominee.

Without a nominee, it's difficult to withdraw money later.

PPF is the best.
So now you must have understood that PPF is not just a way to save money, but also a way to make money. So, always remember to start investing early and deposit money before the 5th of every month. (Note: This news is based on general information; for more information, seek proper advice from a financial advisor)

Disclaimer: This content has been sourced and edited from NDTV India. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.