📝 One-liners · 65 cards
TAX LAWS, PPF,SCSS,LLP
What is the current rate of interest on Public Provident Fund (PPF) accounts?
The PPF interest rate is 7.1% per annum (compounded annually), notified by the Government of India on a quarterly basis.
What is the minimum annual deposit required to keep a PPF account active?
Minimum Rs. 500 per year is required.
What is the maximum annual deposit limit allowed in a PPF account?
The maximum deposit allowed in a PPF account is Rs. 1,50,000 per financial year, and the minimum deposit required to keep the account active is Rs. 500 per year.
In how many instalments can deposits be made in a PPF account annually?
Maximum 12 instalments per financial year allowed.
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