loan against PPF a/c
This query is : Resolved
CA. Sukhdev Singh
(Querist)
08 June 2010
I have PPF a/c in SBI. Please provide me details / procedures / intt rate etc. for availing loan ag. PPF a/c balance.
08 June 2010
The deposit holder can take a loan from the PPF account in case if he/she wish so ,subject to the following conditions. The first loan can be taken in the third year of opening the account i.e., if the account is opened during the year 2009-10, the first loan can be taken during the year 2011-2012. The amount of loan will be restricted to 25% of the balance including interest for the year 2009-10 in the account as on 31.3.2010.
CA. Sukhdev Singh
(Querist)
09 June 2010
What is the rate of Intt. and repayment period.
09 June 2010
Interest rate is 12% per annum. Repayment period is 24 months.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- TDS on Dashcam rent and allied services
- Section 269ST applicability for capital introduced by partner to his partnership firm
- Gift to nri relatives residing in usa
- How do you manage client document collection and follow-ups in your CA/CS practice?
- Urd purchase entry in tally prime
- TDS- 2026-27 Q1 Correction
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
