Indian Post Office Scheme 2020 (Latest)

15 year Public Provident Fund Account (PPF): Indian Post Office Scheme 2020 (Latest), Interest payable, rates, period, etc. The minimum amount of account opening and the maximum balance that can be maintained from 01.07.2019, the interest rate is as follows: Annual 7.9% (compounded annually)

Indian Post Office Scheme 2020 (Latest)

Minimum INR 500 / – maximum INR. 1,50,000 / – in the financial year.
Deposits can be made seamlessly or in 12 installations.

Key features, including tax rebate

An individual can open an account with a minimum deposit of $ 500 / – and a minimum deposit of 500 / – in the financial year and a maximum of Rs.

With an initial deposit of Rs.500 in the initial year, the account holder, who failed to deposit the minimum amount in the following years, will be considered to be closed and the account may be revived during its maturity period upon payment of fees. General Chat Chat Lounge For every year of def.

A joint account cannot be opened and only one account can be opened by a citizen of India The account can be opened by cash / check and in case of check the date of receipt of the check in the Government will be the date of opening the account and the nomination facility is available at the time of account opening and opening of account.

General Chat Chat Lounge Account can be opened from one post office fee to another customer in the name of money, but maturity in all accounts is 15 years, but for maturity period can be extended in one year. Further years year and above maturity can be maintained without expansion and without further deposits, premature closure may be allowed from year to year after year in which the account is subject to the following conditions. 1% interest will be deducted from the account opening date.

(i) In case of fatal disease of the account holder, spouse or dependent children.

(ii) In case of Higher Education Account holder or dependent children.

(iii) In case of change in the resident status of the account holder

Deposits are eligible for deduction from income under Sec. 80C of the IT Act

Interest is completely tax free
Dep Nline Deposit facility is available through Inter os Payable Net Banking / Mobile Banking.
Online deposit facility is available through IPPB Savings Account.
There is no connection under the court’s decree
The PPF account can be opened in a Post Office fee which is double-handed and above
The loan can be redeemed after the expiration of one year from the end of the year in which the initial subscription was made, but five years from the end of the year that the initial subscription was made.
Withdrawals can be made after five years from the end of the year in which the account was opened.

Important Link:

Read In Gujarati Indian Post Office Scheme: 15 years (PPF )
Post office official Website
Other Government Scheme

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