Prioritizing between top, PPF and principal pre-fee It is clear regarding the above analogy you to, you need to pre-pay several times a day, instead of would love to gather a great corpus. Certain financial institutions stipulate a minimum pre-fee amount. Within a financial thought punishment, you should set yourself a great pre-commission address yearly and you may pre-spend frequently. Tax work for to own dominant pre-fee You could claim an effective deduction all the way to Rs 1 lakh on home loan prominent percentage significantly less than Part 80C of your Income Tax Operate.
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