PPF Account and Calculator

{ 6 comments… read them below or add one }

gargi December 8, 2013 at 7:00 am

i have a 10 yr old a./c may i open a oew a/c in addition

Reply

A.K.Bishwas February 9, 2014 at 4:43 am

My PPF account matured on 28.03.2013. I am not interested in any further extension.I need to withdraw money in 2015 April.
My querry: Will my account be getting interest @ 8.7% till I withraw the money in 2015,
My querry may kindly be clarified.

A.K.Bishwas.

Reply

sunithbabu February 9, 2014 at 6:19 am

Any time after your account matures i.e. after the 15 year tenure is over, you can withdraw the entire balance using Form C. Interest will continue to be paid on your account and you will receive the total amount including interest up to the last month preceding the month in which you apply for a withdrawal.

Reply

A.K.Bishwas February 9, 2014 at 7:21 am

Thanks, Sir

A.K.Bishwas

Reply

sohil February 14, 2014 at 4:55 am

Hello brother,
I have a ppf account and this will be the 7th year of my PPF.
I have suggested many people(collegues) to open PPF for saving in 80C.But mostly 80% times my colleagues aren’t interested because of long period of 15 years.Now this lead to me to a different question same will come true for my childrens in future(presently i am unmarried).
So a doubt has arise in my mind.I know a person can deposit at max 1 lakh in his own and kids account.So suppose as soon as i have a kid i open a PPF account for him/her and deposit say 30K yearly to his/her account(70k In mine as ill have more compounding power).That way until he/she turns 15 or say 16 years they doesnt have to worry about a long lock in and has to worry only about renewing it after every 5 years till they need it.Is such practice allowed? Or after 18 years again a 15 years set in?

Reply

sunithbabu February 14, 2014 at 12:17 pm

You can open one for yourself and one for your child with you being guardian , but overall limit of investments will be 100k only

Reply

Leave a Comment



Next post: