PPF Explained: Key Rules & Regulations For Savvy Investors
The PPF, a tax-efficient savings option, offers a 15-year tenure, extendable in 5-year blocks. Whether at a post office, bank branch, or online, individuals of any age, including those with EPF accounts, can initiate a PPF account. Transfers between post offices and banks are permissible.
Depositing in PPF
With a maximum of 12 deposits annually, timely contributions before the 5th of the month ensure interest for the entire month. Lump sum deposits at the fiscal year's start are an option. The scheme allows loans and partial withdrawals.
Annual PPF Deposit Limit
While maintaining an active account requires a minimum annual deposit of Rs 500, the maximum annual deposit is capped at Rs 1.5 lakh. This encompasses both self and minor accounts. Any excess deposits beyond this limit are treated as irregular and offer no interest or tax benefits.
Depositing in PPF
With a maximum of 12 deposits annually, timely contributions before the 5th of the month ensure interest for the entire month. Lump sum deposits at the fiscal year's start are an option. The scheme allows loans and partial withdrawals.
Annual PPF Deposit Limit
While maintaining an active account requires a minimum annual deposit of Rs 500, the maximum annual deposit is capped at Rs 1.5 lakh. This encompasses both self and minor accounts. Any excess deposits beyond this limit are treated as irregular and offer no interest or tax benefits.
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