PPF
This query is : Resolved
19 March 2009
Hi,
In case of Investment in a PPF account, I wanted to know if the amount deposited after the intial investment can be less then the intial investment. Also wanted to know wether if the deopsit can be one time or what is the minimun years of investment required. (For ex: 1st year if 60000 is invested is it possible to invest 50000 in the second year and can the inevstment be only for 5 intial years)
In case of Investment in a PPF account, I wanted to know if the amount deposited after the intial investment can be less then the intial investment. Also wanted to know wether if the deopsit can be one time or what is the minimun years of investment required. (For ex: 1st year if 60000 is invested is it possible to invest 50000 in the second year and can the inevstment be only for 5 intial years)
CA JAIMIN TRIVEDI
(Expert)
19 March 2009
you have to deposit a minimum of Rs.500 in a ppf in a year to keep the account active. the ppf account is for 15 years and cannot be closed.
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