1. No it is not mandatory to deposit the same amount every year. As per the guidelines you can deposit any thing starting from Rs 500 to 1 L. You can One make 4 transactions in a year. not more than that. Get in touch with the nationalize bank for more details.

  2. PPF is governed with public Provident Fund Scheme 1968. As per rule 3 you are suppose to deposit minimum Rs 500/- in a year and Maximum Rs 100000/- in a year. the amount can be deposit in instalments also which should not exceeds 12 in a year. the deposit should be in multiple of Rs 5/-

  3. Below is the limit of amount that can be deposited each year.
    Minimum – Rs500
    Maximum – Rs1,00,000

    See the below link on additional details on PPF

  4. I guess you been Misinformed about PPF details.

    PUBLIC PROVIDENT FUND Scheme introduced by Central Government in 1968. The Scheme enables the members of the public to make contributions to the Fund and obtain Income Tax rebate under the relevant provisions of the Income Tax.

    Minimum / Maximum Investment ( w.e.f. 01-12-2011 )

    Minimum Rs.500/- per annum in multiples of Rs.5/-
    Maximum Rs.100,000/- per annum

    15 years
    Can be extended for one or more blocks of 5 years
    Account can be discontinued but repayment of subscriptions along with interest only after 15 years.

    Rate of Interest
    8.8% (w.e.f. 01-04-2012) per annum credited in account on 31st March every year calculated on the minimum balance between 5th day and end of the month.

    Tax Benefits
    Benefit available u/s 80C of the I.T. Act.
    PPF comes under EEE (exempt, exempt exempt)

    other important details
    Subscription in one or more maximum 12 instalments.
    Premature closure is not allowed in PPF, but on grounds of genuine hardship could be considered only after the expiry of five years from the end of the year in which the account was opened.

    How to add my SBI PPF account in my SBI net banking (saving) account to view online statement of PPF account!

  5. PPF is a long term investment and not a short term.

    Public provident fund (PPF), now comes with the double benefit of higher interest rate (8.6%) and higher annual investment limit (Rs 1 L). This hike in interest rate has made the PPF the best option for conservative investors. If a couple starts contributing Rs 1 L every year, they can together build a tax-free corpus of Rs 61.8 L over 15 years. However, this assumes the rate will remain steady at 8.6%, a very unlikely scenario considering the rate is linked to the yield of government bonds.

    Don’t invest in PPF solely because you get tax exemption in it under Section 80C. That should not be basis of your investment in PPF. Take it as a valuable part of your investment portfolio. The raising of the annual limit from Rs 70,000 to Rs 1 L will benefit investors looking to park money in tax-free avenues. The Rs 2,580 interest earned on the additional investment of Rs 30,000 will escape the tax net every year. What’s more, if the investor claims tax benefits under Section 80C, his effective return will be close to 16.53%.

    The revised rates for small savings are only for this fiscal and the new rates will be announced at the beginning of every financial year. If the PPF rate is 8.6% in the first year but subsequently drops to 7.6%, the corpus at the end of 15 years would be smaller by about Rs 97,500 than what it would earn under the 8% offered till now. In nutshell , if you want to make the most of your PPF account, be disciplined and contribute every year and do not take loans from the account.

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