|
Ideal investment option for both salaried as well as
self employed classes.
Non-Resident Indians (NRIs) not eligible.
Investment up to Rs. 70,000 per annum qualified for
IT Rebate under section 80 C of IT Act.
Loan facility available from 3rd financial
year upto 5th financial year.
Withdrawal permitted from 6th financial
year.
Free from court attachment.
An individual cannot invest on behalf of HUF (Hindu
Undivided Family) or Association of persons.
|
Type of Account |
Minimum limit |
Maximum limit |
|
Public Provident
Fund
(Individual account
on his behalf or on behalf of minor of whom he is the
guardian) |
Rs. 500/- in a
financial year |
Rs. 70,000/- in a
financial year |
|
15
Years Public Provident Fund