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June 21st, 2016, 03:16 PM
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State Bank Of Patiala PPF Calculator
Hello sir, I am Ramesh. I want you to help me by giving me some information about the State bank of Patiala Public Provident Fund (PPF) calculator or interest rates and other details. Can you give me some details about it? As you have asked about the State bank of Patiala Public Provident Fund (PPF) calculator or interest rates and other details, I am giving you information about it, check below for the details Eligibility Individuals Individuals on behalf of a minor Rate of Interest 8.1% (w.e.f. 01-04-2016) per annum credited in account on 31st March every year calculated on the minimum balance between 5th day and end of the month. Minimum/Maximum Investment Minimum Rs.500/- per annum in multiples of Rs.5/- Maximum Rs. 1,50,000/- per financial year Duration 15 years Can be extended for one or more blocks of 5 years Account can be discontinued but repayment of subscriptions along with interest only after 15 years Tax Benefits Benefit available u/s 88 of the I.T. Act. Interest totally exempt from Income Tax Amount standing to the credit is fully exempted from Wealth Tax. Other Facilities Subscription in one or more maximum 12 instalments Nomination available in the name of one or more persons Nominee can not continue account of the deceased subscriber in his/ her own name. Last edited by Neelurk; May 21st, 2020 at 01:58 PM. |
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