17 Responses to Public Provident Fund (PPF)

  1. Lalit says:

    Thanks for such an informative update on PPF. It really helps when you have the overall knowledge of a particular investment option.Cheers!

  2. Thanks Lalit. Watch out for our next article (to be published shortly) on making the best out of PPF.

  3. Sanjay bansal says:

    Ple send e mail address by return mail.We require some details as residing in dewas

  4. Sanjay,
    You can send us the details on info@banyanfa.com.

  5. mylifedesire says:

    Where i should open PPF, Should it be SBI or ICICI?

    Is there any harm if i open in private banks like ICICI Bank?

  6. Frankly it does not matter. Truly SBI being a Public sector bank may command a better trust factor, but ICICI bank is not a bad brand at all. Plus ICICI may offer certain advanced features like online deposits which SBI may lag.

  7. Ghanshyam says:

    Pl tell me whether the ceiling of Rs. 1 Lakh for depositing in the PPF account in a year is for one account only or it is for multiple accounts i.e. individual’s and children’s accounts irrespective of claimimg exemption U/s 80(c) of the I.T.Act.

  8. One lac ceiling is per individual. However children do not enjoy a separate one lac limit. For example a couple with two children will have total 2 lacs limit.

  9. sunandha k says:

    now you can make deposit into PPf account online as well

  10. Thanks Sunandha. Indeed technology is now fully helping the customers :)

  11. Vivekananada says:

    Very much helpful article. Thanks banyanfa

  12. Prashant says:

    yes bank is applicable or not

  13. Hi Prashant,
    I don’t think that Yes Bank provides the PPF account facility.

  14. Suvendu Das says:

    Can I deposit any amount of money in my ppf a/c ie more than 500/- and less than 100000/- in every of the months?

  15. Hi Suvendu
    You can deposit any amount subject to a minimum of Rs 500 a year and max Rs 1lac a year. I think there is a min of Rs. 100 per month.

  16. Anilkona says:

    Its really helpfull information. Thank you very much to provide such a helpfull information about PPF.
    Please guide me, as I am working in another country(NRI), shall I open PPF in my wife’s name.

  17. Hi Anilkona
    NRIs cannot open a new PPF account. If your wife lives in India, then you can have a PPF account in her name.

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Delhi – Odd Vs Even Formula

January 2, 2016January 2, 2016

The actual success of the Delhi government’s odd-even formula will be known only by January 15, but if the response of most Delhiities on the first day is any indicator, then the risk taken by Arvind Kejriwal’s Aam Aadmi Party seems to have paid off.

The local government will review the effect on pollution after the 15-day trial and consider including two-wheelers in the second phase of the scheme.

For more click here