POSTED BY December 21, 2010 5:20 pm COMMENTS (3)
ONHello 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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you can have more by having accounts in names of spouse, and minor children. you can get tax break , if you pay.
Bharat
You cant invest extra amount on minor name, 70k is the total for a person and minor child !
Manish
It’s financial year from Apr to Mar.
If you invest 70k in March, you can very well invest 70k in April.