Query on PPF account interest calculation and tax benefit?

[Harish Rawat]

When you withdraw it will reduce with that amount and again it will be same when you deposit it. So to fool the system, deposit first and then withdraw. Eaxmple - Currect balance 100,000. Deposit - 5000/-(balance =1,05,000) and then withdraw - 5000 /- (balance =1,00,000).

[Master]

Tax Rebate on PPF A/C -
Even if the contribution is made on the last day, the tax rebate still holds though no interest on the amount will be earned.