Limit of PPF account increased.

Abhishek what is the ppf account can you describe us clearly.

Abhishek what is the ppf account can you describe us clearly.

sasikanth it is related to the provident fund..

Thats great to know a new thing today, ppf means provident fund and it has increased to 70,000 rs to 1 lakh per year

this is Gud to know that ppf means provident fund. today i learned a new word. i think the increase in pf amount will help middle class family to avoid tax. nice information. thanks.

Abhishek what is the ppf account can you describe us clearly.

It is public provident fund where in you can deposit money 12 times a year for minimum period of 15 years. There is a lock in period of 7 years where you cannot withdraw amount before 7 years.

After 7 years, you can withdraw half of the total balance of the account.

It is mainly available with SBI.

Abhishek what is the ppf account can you describe us clearly.

And also, you can withdraw only once in a year.

yes, I know about this and this scheem is really good to save money for an year