WebAug 17, 2024 · The minimum deposit to open a PPF account is Rs 500, and the maximum deposit is Rs 1.5 lakh; NRIs are not permitted to open a PPF account; however, individuals who had a PPF account prior to relocating to another country may continue to operate their PPF account; Hindu Undivided Families cannot open a PPF account; An individual who … WebApr 3, 2024 · You cannot invest more than Rs 1.5 lacs per financial year in PPF account. For the PPF account opened in the name of a minor, there has to be a guardian. Guardian has to be either mother or father. If the parents are not alive or are not in a capacity to act, a legal guardian can also act as guardian in minor’s PPF account.
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WebApr 5, 2024 · So, it is important to ensure the funds are credited into the PPF account by April 5. For example, if your PPF account balance is Rs 2 lakh and you want to make a … WebJan 6, 2024 · You can start a PPF investment with a minimum yearly deposit of Rs 500. The maximum yearly investment is capped at Rs 1.5 lakh. Your account may become inactive if you fail to make the minimum ... nourishing spa
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WebOct 15, 2024 · SC Vasudeva. Q. Can we deposit more than Rs 1.5 lakh in the PPF account during a financial year? Please also clarify whether interest is payable on the excess … WebThe ideal way to earn the maximum possible interest on ppf account would be to deposit Rs. 1.5 Lakh before 5th April so that you can earn interest on the whole 1.5 lakh for the complete financial year. A one-time deposit made at the beginning of the year will help you earn maximum possible interest. ... Public Provident Fund can only be opened ... WebThe ideal way to earn the maximum possible interest on ppf account would be to deposit Rs. 1.5 Lakh before 5th April so that you can earn interest on the whole 1.5 lakh for the … nourishing space