A bank or post office are both places where you can open a PPF account. Under Section 80C of the Income Tax Act, PPF gives a deduction of up to ₹1.5 lakh for the amount invested during the financial year. The PPF is tax-exempt since it fits under the exempt category, hence the ...
A primer on the Public Provident Fund (PPF) scheme, what it means, how much you can invest in it and what features of the ppf should investors be aware of.
A Public Provident Fund (PPF) account matures after 15 years from the date of opening the account. The account can be extended for a block of 5 years at a time, after the maturity period, by submitting a request to the bank or post office where the account is held.Related...
There are various kinds of investment products such as Real Estate, Equity, Mutual Funds, Fixed Deposits, Post Office etc. Investment products are often called investment vehicles. One should invest in different types of investment products based on one’s financial goals, as each investment ...
’ The answer is simple. You can open a PPF Account at a bank or the post office.If you are an existing HDFC Bank customer, you can open a PPF Account online in minutes. But if you prefer the traditional way of banking, you can visit a branch as well.What do you nee...
PPF is easily accessible. You will face no problem while registering for the account. To open a new account, you have to visit the authorized bank or post office. Simply, get the form, fill it and submit with required documents Do Enjoy ReadingWhat is Impact Investing? Meaning, Types and...
A subscribers of the Public Provident Fund (PPF) can prematurely close his/ her account or the account of a minor of whom he is a guardian, on a written application to the Accounts Office, on any of the following grounds after completing five years. that the amount is required for the ...
PPF Online Payment can be done easily through your net banking from your account. Know how to pay PPF online at Scripbox.
The PPF Account becomes inactive if the minimum contribution of Rs 500 per year is not made: A written request to reactivate the account should be submitted at the post office or the bank branch where the account is based A fine of Rs. 50 for each year the account has been inactive has...
PPF account can be transferred from one authorised bank or Post office to ICICI Bank. READ MORE PPF Withdrawal & its Rules Withdrawal is allowed after 6 years from the end of the year in which the Account was opened. You can withdraw up to 50% of the balance at the end of the...