New Delhi, April 3 -- If you want to get the maximum possible interest for the year in your Public Provident Fund (PPF) account, April is a crucial month. If you invest Rs.1.5 lakh in PPF from 1-5 April, you are entitled to the full year's interest, as the per-month interest is calculated on the lowest balance in the first five days of the month, and April marks the start of the financial year.

However, you can invest a maximum of Rs.1.5 lakh in PPF in a financial year. There's a workaround, though. If you wish maximise your PPF investment, you can do so by gifting money to your spouse, children or parents, and investing it in PPF accounts you created for them.

Also read: How to withdraw funds from PPF or even close the account prematur...