I would like to know best time to actually deposit money in PPF account. Depositing money early in the year or depositing at the end of fiscal year has any difference with respect to interest gained at the end of year?
Let’s say I have two options to deposit money in PPF account for 2012-2013 fiscal year:
1. Depositing “x” amount on first day of April 2012
2. Depositing “x” amount on first day of March 2013
Here I would like to know which option is better to deposit money.
1. In first option do I get interest for all 12 months or depositing money in both options give me same interest?
2. In one article, someone suggested that open FD for a year and then deposit money in PPF account between 1st to 5th March. Is this good idea?