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)
19 March 2009
Minimum investment - Rs. 500 per year
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19 March 2009
Hello,
My query was if the amount deposited after the intial investment can be less then the first amount deopsited
My query was if the amount deposited after the intial investment can be less then the first amount deopsited
CA Nitin Wadhwani
(Expert)
19 March 2009
Yes.
It can be.
It can be.
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1 times
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
19 March 2009
can the investment be made in the last month of the financial year
19 March 2009
can the investment be made in the last month of the financial year
19 March 2009
can the investment be made in the last month of the financial year
CA Nitin Wadhwani
(Expert)
20 March 2009
Yes.
It can even be on 31st march also.
It can even be on 31st march also.
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