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Hello Everyone,

I am aware that the highest amount one can invest in a PPF account during a year is 70k. And whether the duration considered for an year is from “Jan – Dec” or “April – March”?

To be more clear:

Suppose I invested 70K in March,2011. Then can I invest another 70K in April,2011?

 

-Purna

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3 Answers

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1 Anand December 21, 2010 at 6:50 pm

It’s financial year from Apr to Mar.

If you invest 70k in March, you can very well invest 70k in April.

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2 bharat shah December 21, 2010 at 7:03 pm

you can have more by having accounts in names of spouse, and minor children. you can get tax break , if you pay.

Reply

3 Manish Chauhan December 21, 2010 at 7:50 pm

Bharat

You cant invest extra amount on minor name, 70k is the total for a person and minor child !

Manish

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