Re: regarding transfer of ppf account
by Vinod Bharati on Sep 18, 2010 03:40 PM Permalink
Either you can trnasfer your account or you can remit the funds online.
why keep a ceiling on investment? and why not withdrawals be permitted atleast on interest generated for 7 years? small saving schemes should be highly flexible and helpful. the popular monthly income scheme also has suffered a serious setback in reducing the interest rate,removal of bonus. the govt of india is not helping the senior citizens to invest in safe deposits and feel peaceful.
i am 25 years old and newly landed in job; our concerned organization is going to deduct PF. whther i can maintain both PF and PPF account simultaneously.
RE:PF & PPF
by vivek sharma on Jan 18, 2007 06:44 PM Permalink
Contribution to PF is mandatory and as a rule, 12% of your basic salary goes to the fund every month. you don't have to maintain this account,your employer and PF trust take care of that. As for PPF, you may go ahead with it. It is a good option as there is a huge flexibility on the annual amount to be deposited. this option is not available with any insurance plans or SIPs
I have opened a PPF account 2 years back and I want to close it due to personal reasons can I go ahead and will I recieve all the money what I have deposited without the interest.
