Ppf: deposits per month

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Kapil Tiwari

Senior Export Executive

449 Points Joined May 2012

The maximum limit that one can invest in PPF account in a year is Rs. 1 lakh with either lumpsum subscripttion or maximum 12 instalments in a year. Is there also a maximum number of subscripttions in a particular month? In April 2012, I deposited Rs. 50,000/- on two different dates--my total deposit is Rs. 1 lakh. The bank has not raised any objection when I deposited twice in my PPF account in the same month. Kindly clarify what the PPF scheme states in this regard and that I will not face any problem anytime in the future.

Replies (4)

Giridhar S Karandikar

Team Lead

7558 Points Joined November 2011

there is no such requirement under the PPF Act, that a particular amount shud be deposited in the account each month. You can deposit any amount you want each month or anytime during the year, but deduction u/s 80C wud be restricted only upto Rs 1lacs. also you will have to deposit minium 500Rs for the year, otherwise you would have to pay penalty charges for keeping the account active.

Kapil Tiwari

Senior Export Executive

449 Points Joined May 2012

Dear Sirs,

My query is whether we can deposit two or more instalments in one month only. I deposited two instalments in one month only, that is, April, 2012. In any case my total instalments will not exceed 12 in the whole year. Is it okay if I made two subscripttions in one month only? Kindly address this particular doubt.