Hi,
I want to ask if there is any lock-in period for investment made in PPF Account under PPF Act.
Kindly help
Thanks in advance
Pratik Khandelwal
Pratik Khandelwal (Article) (25 Points)
05 January 2012Hi,
I want to ask if there is any lock-in period for investment made in PPF Account under PPF Act.
Kindly help
Thanks in advance
Pratik Khandelwal
Vineet Goyal
(Assistant Manager - Finance & Accounts)
(702 Points)
Replied 05 January 2012
Lock in period is 15 years.
CA SANDESH MAHIPAL
(Practicing in GST and MSME )
(1985 Points)
Replied 05 January 2012
YES
15 YEARS PERIOD.
Pratik Khandelwal
(Article)
(25 Points)
Replied 09 January 2012
I have heard that although the lock in period is 15 yrs....i can withdraw money after 5 yrs from the end of the yr in which money is deposited, after paying some penalty.
kindly confirm if it is correct.
If correct, what are the penalties for withdrawing before 15 yrs..
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