Regarding the highest amount that can be invested in PPF?

POSTED BY Purnachander ON December 21, 2010 5:20 pm COMMENTS (3)

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

3 replies on this article “Regarding the highest amount that can be invested in PPF?”

  1. bharat shah says:
    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
    1. Manish Chauhan says:
      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

      Reply
  2. Anand says:
    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.

    Reply

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