Comments on: Why to open a PPF account even if you dont need it right now http://www.jagoinvestor.com/2009/08/why-to-open-ppf-account-even-if-you.html A Financial Planning Blog Thu, 11 Mar 2010 22:14:21 +0530 http://wordpress.org/?v=2.9.2 hourly 1 By: Manish Chauhan http://www.jagoinvestor.com/2009/08/why-to-open-ppf-account-even-if-you.html#comment-5679 Manish Chauhan Wed, 03 Mar 2010 12:02:53 +0000 http://www.jagoinvestor.com/?p=228#comment-5679 Santosh Yes , that is correct , you will get all your money on maturity . manish Santosh

Yes , that is correct , you will get all your money on maturity .

manish

]]> By: Santosh Agarwal http://www.jagoinvestor.com/2009/08/why-to-open-ppf-account-even-if-you.html#comment-5670 Santosh Agarwal Wed, 03 Mar 2010 09:34:27 +0000 http://www.jagoinvestor.com/?p=228#comment-5670 Hi Manish, Nice Blog and very good articles to read. Thanks. My query is, as you said above that "Your PPF account will mature after 15 yrs exactly . dont worry , you can deposit 500 for 10 yrs and then more for 5 yrs , you will get everything back after 15 yrs".....Take for example, i opened my ppf account in 1st March 2000 and it will mature on say 1st march 2015........if i had invested 70k on 1st Feb 2015 and claimed tax benefit for the same...........so do you mean i would get my entire 70k also on the maturity time i.e. 1st march 2015? please clarify. Hi Manish,
Nice Blog and very good articles to read. Thanks.
My query is, as you said above that “Your PPF account will mature after 15 yrs exactly . dont worry , you can deposit 500 for 10 yrs and then more for 5 yrs , you will get everything back after 15 yrs”…..Take for example, i opened my ppf account in 1st March 2000 and it will mature on say 1st march 2015……..if i had invested 70k on 1st Feb 2015 and claimed tax benefit for the same………..so do you mean i would get my entire 70k also on the maturity time i.e. 1st march 2015? please clarify.

]]> By: Manish Chauhan http://www.jagoinvestor.com/2009/08/why-to-open-ppf-account-even-if-you.html#comment-5483 Manish Chauhan Mon, 01 Mar 2010 04:51:13 +0000 http://www.jagoinvestor.com/?p=228#comment-5483 Riya Yes , they have no relation to each other ... Manish Riya

Yes , they have no relation to each other …

Manish

]]> By: Riya http://www.jagoinvestor.com/2009/08/why-to-open-ppf-account-even-if-you.html#comment-5472 Riya Sun, 28 Feb 2010 21:38:13 +0000 http://www.jagoinvestor.com/?p=228#comment-5472 Can a person have both EPF and PPF Account? Can a person have both EPF and PPF Account?

]]> By: Manish Chauhan http://www.jagoinvestor.com/2009/08/why-to-open-ppf-account-even-if-you.html#comment-5145 Manish Chauhan Wed, 24 Feb 2010 12:11:45 +0000 http://www.jagoinvestor.com/?p=228#comment-5145 Shyam Sure you can. But only during a fixed period of time. You can take a loan from the third year of opening your account to the sixth year. Also, the loan amount will be upto a maximum of 25% of the balance in your account at the end of the first financial year (if you opt for the loan in the third year). If you opt for a loan in the fourth year, the second year's balance will be taken in to account and so on. Shyam

Sure you can. But only during a fixed period of time. You can take a loan from the third year of opening your account to the sixth year.

Also, the loan amount will be upto a maximum of 25% of the balance in your account at the end of the first financial year (if you opt for the loan in the third year).

If you opt for a loan in the fourth year, the second year’s balance will be taken in to account and so on.

]]> By: shyam http://www.jagoinvestor.com/2009/08/why-to-open-ppf-account-even-if-you.html#comment-5124 shyam Wed, 24 Feb 2010 05:28:41 +0000 http://www.jagoinvestor.com/?p=228#comment-5124 can we take loan against PPF account balance? can we take loan against PPF account balance?

]]> By: Manish Chauhan http://www.jagoinvestor.com/2009/08/why-to-open-ppf-account-even-if-you.html#comment-4995 Manish Chauhan Sat, 20 Feb 2010 08:59:23 +0000 http://www.jagoinvestor.com/?p=228#comment-4995 Praveen Definately you can open 2 PPF , PPF is for each person :) Manish Praveen

Definately you can open 2 PPF , PPF is for each person :)

Manish

]]> By: Praveen Kamre http://www.jagoinvestor.com/2009/08/why-to-open-ppf-account-even-if-you.html#comment-4982 Praveen Kamre Sat, 20 Feb 2010 06:29:18 +0000 http://www.jagoinvestor.com/?p=228#comment-4982 Hi Manish, I wish i could read it earlier :) nonethless very informative and thanks for the same. I have a query fr working couple, can we have two PPF accounts and contribute 70k each every year? Hi Manish,

I wish i could read it earlier :) nonethless very informative and thanks for the same.
I have a query fr working couple, can we have two PPF accounts and contribute 70k each every year?

]]> By: pattu http://www.jagoinvestor.com/2009/08/why-to-open-ppf-account-even-if-you.html#comment-4927 pattu Fri, 19 Feb 2010 02:34:15 +0000 http://www.jagoinvestor.com/?p=228#comment-4927 Rahul, “attaching of savings acc with ppf”. What this means is that if you have a SB acc. with any SBI branch, you could get an online acc. Now if you open a PPF acc. (with any SBI branch in principle) you could link the PPF acc to your online SB acc as a 'third party acc.'. Now you can transfer funds from SB --> PPF accs online. Rahul,
“attaching of savings acc with ppf”.
What this means is that if you have a SB acc. with any SBI branch, you could get an online acc. Now if you open a PPF acc. (with any SBI branch in principle) you could link the PPF acc to your online SB acc as a ‘third party acc.’. Now you can transfer funds from SB –> PPF accs online.

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