Public Provident Fund (PPF)

PPF is among the most popular small saving schemes. Currently, this scheme offers a return of 8 per cent and has a maturity period of 15 years. It provides regular savings by ensuring that contributions (which can vary from Rs.500 to Rs.70,000 per year) are made every year. For efficient "tax saving" there is nothing better than PPF

How to Open PPF 

A PPF account can be opened by an individual in his own name or on behalf of a minor of whom he is the guardian or by the Karta of Hindu undivided family

The account can be opened in the Head Post Office or in the branches of SBI or its subsidiaries or in the Nationalised Banks.

Minimum Amount Rs.500/- effective from 15.11.2002 in a year ( year means financial year i.e. from 1st April to 31st March) Maximum Amount – in a year in Rs.70,000/-w.e.f. 15.11.2002

The subseruber can extend the account beyond 15 years for one or more block(s) of 5 years without any loss of benefits.

Withdrawal can be made any time after expiry of 5 years from the end of the year in which the initial subscription was made.The amount of withdrawal should not execed 50% of the balance at the end of 4th year immediately preceding the year in which the amount is withdrawn or at the end of the preceding year whichever is lower. Only one withdrawal is permisable in a year.

Subscription to the PPF qualify for deduction from the taxable income of the subscriber for income tax purpose within the limits laid down under section 80-C of the income tax act.

PPF account are not transferable from one person to another. In case of death of the subscriber, the nominee cannot continue the account of the deceased subscriber.

Avail Free Services from PPF Agent / Public Provident Fund Agent
Salient Features of PPF Account :-
8% Tax Free Return & Tax Exemption u/s 80C at the time time of investment.
Govt. employees having GPF / DSOP accounts are also eligible to maintain one PPF account also.
Also transfer of PPF account from other stations to Delhi.
ALSO AVAIL AGENT SERVICE ON ALREADY OPENED PPF ACCOUNTS.
Partial withdrawal allowed from 7th year, simultaneously enjoying attractive rate of interest (liquidity + attractive interest + tax advantages + safety)
Services available free:-
To open PPF (Public Provident Fund) Account, without investor requiring to visit Bank / Post Office.
To provide FREE door step service –
open PPF account, pick-up PPF subscription amount, deposit in Bank / P.O. & supply of receipt to the investor at his house.
To transfer PPF Account from other cities to Delhi
To revive lapsed PPF Account in Delhi
To transfer PPF Account from Post Office to Bank in Delhi
To transfer PPF Account from one part of Delhi to any other part in Delhi
Kohli Investments - ( Moto - Safety of investments first )
834, R.K. Puram-III, New Delhi-22 Tel. 9871052488, 9871052489, 9871063373, 9910774217, 26197467
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Govt. Authorised Agent - PPF, NSC, KVP, MIS, FDs (Govt.), LIC, RBI Bonds Mutual Funds, Car Insurance,
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