PPF

This query is : Resolved

Abhishek (Querist)
Follow

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)

CA. Gurdeep Singh Chawla

CA. Gurdeep Singh Chawla (Expert)
Follow

19 March 2009 Minimum investment - Rs. 500 per year

Message likes : 1 times

Abhishek

Abhishek (Querist)
Follow

19 March 2009 Hello,

My query was if the amount deposited after the intial investment can be less then the first amount deopsited

CA Nitin Wadhwani

CA Nitin Wadhwani (Expert)
Follow

19 March 2009 Yes.
It can be.

Message likes : 1 times

Abhishek

Abhishek (Querist)
Follow

19 March 2009 One more clarification, can we make only one payment in PPF and stop making investments in the account. but the lock in will be for 15 years

Abhishek

Abhishek (Querist)
Follow

19 March 2009 can the investment be made in the last month of the financial year

Abhishek

Abhishek (Querist)
Follow

19 March 2009 can the investment be made in the last month of the financial year

Abhishek

Abhishek (Querist)
Follow

19 March 2009 can the investment be made in the last month of the financial year

CA Nitin Wadhwani

CA Nitin Wadhwani (Expert)
Follow

20 March 2009 Yes.
It can even be on 31st march also.