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15 Years Public Provident Fund
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
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Minimum limit
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Maximum limit
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Public Provident Fund
(Individual account on his behalf or on behalf of minor of whom he is the guardian)
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Rs. 500/- in a financial year
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Rs. 70,000/- in a financial year
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