Question
What is the minimum amount to be invested in a PPF
every year? ÂSolution
- The Public Provident Fund is a low risk , long term, fixed income investment. PPF was introduced in India in 1968 with the objective to mobilize small saving in the form of investment, coupled with a return on it. Â
- PPF al lows a minimum investment of Rs.500 (Rs.100 to open an account) and a maximum of Rs. 1.5 lakh for each financial year . Investments can be made in a lump sum or in a maximum of 12 instalments. Deposit into a PPF account has to be made at least once every year for 15 years.
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