i would like to know is it possible to open a ppf account in a minor's name. i have 2 daughters one 7 and one 4 years old. and the contribution is to be made by whom? can the parents make the contribution or even the grand parents if they want to?
Re: hi
by faisal siddiqui on Aug 29, 2010 05:54 PM Permalink
yes you can go through, on behalf of your child you can deposit the amount on their name's account
On 18th Sep 2009 my total balance was 69347 and interest credited on 31 mar 2010 is 3,681.00 that is 5.3 % of my balance. so where is 8% interest ?????
Re: Interest Calculated
by ALARK SINGH on Feb 07, 2012 10:59 PM Permalink
Pls check your balance on 31-Mar of 2009 and then calculate the interest @ 8% and you will have the right figure. The interest is calculated from 1-April of a year to 31-March of subsequent year.
Re: PPF not deposited from last two years
by Guest on Apr 29, 2009 09:18 PM Permalink
no your account will not be lapsed you can deposit 50 rs penalty per year 500 rs i.e minimum subsription and your account will be re activated in your case you need to pay 500 50 500 50=1100
My account is now 15 years old.. can we continue with this account and deposit more for few years if it is allowed. Or is it compulsory to close this account?
Re: What Happens after 15 yrs
by faisal siddiqui on Aug 29, 2010 05:59 PM Permalink
yes you can continue your account for 5-5 years extension, for details contact to your branch manager
Re: want to invest in PPF
by vijay Gupta on Jan 19, 2009 05:06 PM Permalink
Simply go for SBI branch and get PPF account. This is simple. You can get more detail from SBI Officers
want to know what if i deposite Rs.500/- per month, after how many months i will get my cash back ? what will be the amount which i will be receiving ?is it advisable to invest in PPF ? and plz tell me what are the benefits ?
