Sir, Being NRI or having NRI status for the financial year, can a person contribute to the PPF premium. If not will not paying the annual contribution/premium will not result in PPF being stopped.
I have opened a PPF account in 2007 and have deposited Rs. 60,000 during 2007. I have not deposited any amount after that till 2011. What will happen to my money & my account? How can I withdraw the money?
Re: PPF Account Inactive
by ALARK SINGH on Feb 07, 2012 10:52 PM
As per the rule, there should be a MINIMUM investment of Rs 500 in the financial year towards the PPF. Pls check with the bank / PO in which PPF is held.
I have deposited Rs70000 in the month of Feb 2010. and i got only Rs 933 as a interest i thought i will get 8% interest as interest is calculated on 10th March. Could anyone inform me when i should deposit 70000 to get exact 8% interest i.e is Rs 5600.
Re: Query :interest Calculation
by ALARK SINGH on Feb 07, 2012 10:55 PM
Mr Singha, You have got interest of 933 only as it is calculated for Feb Mar of 2010 (financial years ends 31-March of each year). So for you to have reater interests try desposoting the PPF contribution on any date in April, this will help.
I have mentioned only one nominee at the time of account opening. Now if i & my nominee both are dead before the maturity. Then on the maturity time can any other family member allowed to get my PPF amount?
Re: Can any family member get PPF amount?
by ALARK SINGH on Feb 07, 2012 10:56 PM
Please write WILL mentioning clearly the fate in case of any casuality to you or your existing nominee.
I have mentioned only one nominee at the time of account opening. Now if i & my nominee both are dead before the maturity. Then on the maturity time can any other family member allowed to get my PPF amount?
I have mentioned only one nominee at the time of opening PPF account. If i and my mentioned nominee both are dead on maturity, then my any other family member can apply to take my PPF amount ?
Re: for interest
by ALWAR RAMAMANI on May 31, 2011 08:46 PM
I STARTED PPF FROM JAN 2011 ( RS.25,000)ON 14.01.11 IN FEB 2011 ( RS.10,000)ON 01.02.11 IN MAR 2011 ( RS.15,000) ON 03.03.11 BUT I GET INTEREST ONLY Rs. 223/- ( 2010-2011) for I deposit Rs.50,000. how the interest calculated . please reply me, whether iwill continue to invest in ppf or mutual fund in the form of sip. thanks A.RAMAMANI
Re: for interest
by ALWAR RAMAMANI on May 31, 2011 08:45 PM
I STARTED PPF FROM JAN 2011 ( RS.25,000)ON 14.01.11 IN FEB 2011 ( RS.10,000)ON 01.02.11 IN MAR 2011 ( RS.15,000) ON 03.03.11 BUT I GET INTEREST ONLY Rs. 223/- ( 2010-2011) for I deposit Rs.50,000. how the interest calculated . please reply me, whether iwill continue to invest in ppf or mutual fund in the form of sip. thanks A.RAMAMANI
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?
