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:

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

    1. Bharat

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

      Manish

  2. Anand says:

    It’s financial year from Apr to Mar.

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

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Join 1,60,000 email subscribers

FREE Video Lessons directly in your email daily

144 page PDF ebook with best articles from Jagoinvestor

Get future articles directly on your mailbox + updates


6 PART VIDEO COURSE

FREE 

 

 

You are subscribed for FREE Course now, Check your Email

CONGRATULATIONS

Join 1,60,000 email subscribers

FREE Video Lessons directly in your email daily

144 page PDF ebook with best articles from Jagoinvestor

Get future articles directly on your mailbox + updates


6 PART VIDEO COURSE

FREE 

 

 

You are subscribed for FREE Course now, Check your Email

CONGRATULATIONS