Why PPF?
For one, it scores high on safetysince your principal amount invested carries the Government of India badge of honour. Two, with Big Brother watching, your investment in a PPF also qualifies for tax breaks under Section 80C of the Income Tax Act. What’s more, even the interest earned (8 percent compounded annually) is free from income tax, making it the first among equals for debt-based products. A similar product will have to earn 11.5 per cent at the 30.6 per cent tax rate to be equal to the return that the PPF gives. And there is yet more to come: there is no cost to entry, maintenance or exit on this product.
You can either open a PPF account at any branch of the State Bank of India and its subsidiaries, a few branches of the other nationalised banks, and all head post offices in the country. Once you open an account, do keep count-your investment is restricted to a Rs.500-70,000 band in a single financial year. And you can jolly well chip in to this account for15 years. Unlike in a bank recurring deposit or insurance payments, you do not need to deposit the same amount every month or year. Hassle-free investment every year would keep the doctor away.
Before maturity, you can make withdrawals from your account starting the sixth financial year. You may even apply for a loan from the third year on.
Compared with debt funds and the fixed deposits, PPF gives the biggest bang for the buck. Axe the tax, make PPF sound more like a perennial profit fund!
Source: Outlook Money – 31 January 2007 Pg.52
from Auditor’s office
February 22, 2007 at 10:26 am |
I would like to know that on maturity (i.e. after 15 years), whether whole amount lying in the PPF account is taxable or only interest portion is taxable? Please let me know the taxation part on PPF.
February 22, 2007 at 10:33 am |
How is the PPF account?
March 5, 2007 at 11:16 am |
The interest income earned in PPF and the lump-sum amount (principal + interest) received on maturity or premature withdrawal is completely tax-free as per the provisions of the Income Tax Act, 1961. Also the balance held is fully exempt from wealth tax, without any limit.
Also the balance in a PPF account cannot be attached under an order or decree of a court. What that means: if you’re involved in a legal dispute, a court cannot attach or question the money in your PPF account — as it can with your other personal property.
March 12, 2007 at 1:01 pm |
Respected Sir,
I want to Know the PF Account status how much money is there my a/c? wheather my company is depositing the PF contribution nor not.?
please guide me how to access my account. through E Mail id
Early reply will be apericited.
Krishna kumar V
kkvemal@yahoo.co.in
March 28, 2007 at 3:42 pm |
I would like to know who can create PPF. Will it there be any age limit? or
Should person earn minimum amount. etc
April 26, 2007 at 3:23 pm |
Sir, Iam account holder of PPF. after compltion of 15 years I extended for another 5 years form 2007 to 2012. Now I would like to withdraw part of it. How much percentage of the total amount I will get I approached SBI Official, they are not clear /in a position to tell the answer
I expect your reply
May 4, 2007 at 1:57 pm |
Sir,
I would like to know whether can I close the account before 15years? that is at any time, if I need the money.
June 21, 2007 at 4:43 pm |
You can close at time, that is whenever you leave the company.
If you want money you can apply for the loan in PF office……..
September 4, 2007 at 2:38 pm |
I would like to know that on maturity (i.e. after 15 years), whether whole amount lying in the PPF account is taxable or only interest portion is taxable? Please let me know the taxation part on PPF.
October 13, 2007 at 11:23 am |
Dear Sir / Madam,
I want to know and check the PPF withdrawal status but I dont found any website & contact number for check also want to know how much money is lying in my PPF a/c.
November 3, 2007 at 2:04 am |
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December 3, 2007 at 12:13 pm |
Sir,
I would like to know whether can I close the account before 15years? that is at any time, if I need the money.
December 11, 2007 at 11:33 am |
Dear Sir / Madam,
I want to know and check the PPF withdrawal status but I dont found any website & contact number for check also want to know how much money is lying in my PPF a/c.
December 18, 2007 at 5:03 pm |
sir,
i opened ppf account on 18/03/2003 with state bank of india.during 2004-05 i am not depost any money.then i paid penalty and continue the account. it is possible for me to withdraw money from my account? if so, when i can withdraw and what level
January 3, 2008 at 3:39 pm |
hello,
i need to know my pf amount through online , is any facility to see my pf amount through online. if yes please send that link, is any other resource availble send to my mail
thank you
January 5, 2008 at 12:15 pm |
hello,
i need to know my pf amount through online , is any facility to see my pf amount through online. if yes please send that link, is any other resource availble send to my mail
thank you
January 12, 2008 at 11:34 pm |
Hi,
I want to know that can the PPf amount money ( means 500-70,000) can be deposited anytime at one go in the financial year from April 1st – march 31st the coming year….or is there a specific date to deposite that money on which the interest is calculated….. And second thing is that will the interest for the last financial year will be updated in the pass book or not… or the details is being displayed at the time of maturity…
January 19, 2008 at 7:07 am |
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January 30, 2008 at 4:23 pm |
I AM PLANNING TO OPEN AN PPF A/C I NEED SOME QURIES
1. CAN WE DEPOSIT MONTHLY OR YEARLY
2 HOW TO I VIEW MY PPF ACCOUNTS & WHAT IS THE YEARLY INTEREST.
February 27, 2008 at 7:51 pm |
Hi Sir,
I have resigned from my job, and I have sent withdrawn form for withdrawn of money from my PF account. I want to know status of it please tell me online link or contact no. and how much money in my account.
Regards
Manoj Kumar
Contact No. 9311824602
PF A/C IN NEHRU PLACE NEW DELHI
April 9, 2008 at 3:45 pm |
Hi Sir,
I have resigned from my job, and I have sent withdrawn form for withdrawn of money from my PF account. I want to know status of it please tell me online link or contact no. and how much money in my account
May 15, 2008 at 10:41 am |
Sir,
I am account holder of PPF. after completion of 15 years I have not extended for another 5 years . Now I would like to withdraw. After two years from maturity how much percentage of the total amount I will get I approached SBI Official, they are not clear /in a position to tell the answer
I expect your reply
May 16, 2008 at 12:14 pm |
Hi Sir,
I have resigned from my job, and I have sent withdrawn form for withdrawn of money from my PF account. I want to know status of it please tell me online link or contact no. and how much money in my account & confirm when i have received the money my PF ACCOUNT NO.DL-27497-381 it was deposited on 14.03.08
May 22, 2008 at 12:53 pm |
Hello,
i opened a PPF account in year 2000. after maturity of PPF account i extend my account for next 5 year. Now for 16th year i deposit 70000 to my PPF account in June(say in year 2016), and than i withdraw that 50000 from my same account in July(2016).
Can i withdraw 70000 after 1 month of my deposit and If Yes, Can i claim for Tax benefit for that 70000.
Awaiting for your kind reply. Thnx in advance.
May 26, 2008 at 5:31 pm |
Hi Sir,
I have resigned from my job, and I have sent withdrawn form for withdrawn of money from my PF account. I want to know status of it please tell me online link or contact no. and how much money in my account
how to with draw it
May 26, 2008 at 5:34 pm |
Respected Sir,
I want to Know the PF Account status how much money is there my a/c? wheather my company is depositing the PF contribution nor not.?
please guide me how to access my account. through E Mail id
Early reply will be apericited.
June 10, 2008 at 3:17 pm |
(1) I want to know the PF account status how much money is there in my A/c
(2) In my PPF account on maturity, total money would be tax free or not.
(3)
June 11, 2008 at 1:43 pm |
Respected Sir,
I want to Know the PF Account status how much money is there my a/c? wheather my company is depositing the PF contribution nor not.?
please guide me how to access my account. through E Mail id
Early reply will be apericited.
APURBA MONDAL
apurbamondal_1111@yahoo.co.in
June 14, 2008 at 2:24 pm |
Hi
I just want to acess my PF account online can you pls tell me by which site i can acess it.
June 23, 2008 at 3:04 pm |
Dear sir
i want to know the amount which was diposeted in my pf A?C
1Walsons services Pvt ltd. Nehru place DL22524-6521
2Fireball Securita Wazirpur DL 20513-5122
3 Tics Chandigarh PN30058-548
July 11, 2008 at 7:37 pm |
SIR/MADAM , I HAVE RESIGNED FROM MY JOB IN 2007 FEBRUWARY AND FILED WITHDRAWAL OF PF AMOUT IN 2008 FEBRUWARY , UPTIL NOW NO REPLY ON IT’S CLEARANCE PLEASE LET ME KNOW WHEN I WILL GET MY MONEY AND HOW MUCH IS THE AMOUNT
August 12, 2008 at 9:26 am |
How much PF deposit of Sri Narayan Hial, having PF code OR/10189/23
August 13, 2008 at 9:44 am |
Sir,
can u tell me how much PF deposit to MH/41665/147.
September 26, 2008 at 1:51 pm |
Sir,
My self Naveen Jaiswal, My PF Still not transferred to my a/c no. Already 4 months passed. I have already submitted Necessary Documents to PF OFFICE Nehru place and received return receipt also. Even when I asked last month from the Nehru place employees they say will be transferred next month but still not received. If you want this will become major issue I will esclate to high level I am work under (DDA Chairman Mr. A.S Ailawadi) (IAS officer).
Kindly do needful as soon as Possible.
Contact no. 9212105044, 9810999960.
September 29, 2008 at 4:01 pm |
Respected Sir,
I want to Know the PF Account status (PF No. WB/8805/12693) how much money is there my a/c? wheather my company is depositing the PF contribution nor not.?
please guide me how to access my account. through E Mail id
Early reply will be apericited.
Manoj kumar Singh
Email:er_singhmanoj25@yahoo.co.in
October 14, 2008 at 5:54 pm |
Many of you have wanted to know about how you can get a PF statement. The easiest way is to contact your company payroll team for such statement. But they will be able to provide you only a statement that contains your contribution and your employer’s contribution(if any) but does not include interest or transfer.
However, yearly PF statement is issue by Governement PF department which includes all the above said. Contact your payroll team to get one latest available from PF department.
October 14, 2008 at 5:59 pm |
I would suggest you to read the iformation provided on SBI portal. Here is the link –
http://www.statebankofindia.com/viewsection.jsp?lang=0&id=0,9,70
October 14, 2008 at 6:08 pm |
There is an official site of Provident Fund India, where you get answers for most of your questions.
http://epfindia.nic.in
You can check you claim status here.
October 15, 2008 at 11:25 pm |
I want to Know the PF Account status how much money is there my a/c? wheather my company is depositing the PF contribution nor not.?
please guide me how to access my account. through E Mail id
Early reply will be apericited.
October 30, 2008 at 3:56 pm |
hello,
i need to know my pf amount through online , is any facility to see my pf amount through online. if yes please send that link, is any other resource availble send to my mail
thank you
November 12, 2008 at 10:54 pm |
Dear Sir / Madam,
I want to know and check the PPF withdrawal status but I dont found any website & contact number for check also want to know how much money is lying in my PPF a/c.
November 14, 2008 at 3:16 pm |
Dear Sir,
I want to kow the pf balace enquire through net. But I do not find out the website. Please send me the website links.
Thank you
November 27, 2008 at 12:20 pm |
I am having a PPf a/c in SBI Kanpur from last 10 years I want to withdrawsome amount from the balance outstanding .Will you please let me know the maximum amount of withdrawl.
January 12, 2009 at 2:09 pm |
Hi, I’ve left left my job in 2005 bt I havn’t got my pf till now. How can i claim my PF. is there any online site to access and know abt out record.if yes please let me know the website.
thenx n regards
March 5, 2009 at 1:12 pm |
I have a ppf a/c here in Ludhiana ( Punjab ) from last 6 years. I would like to know the a/c online how much money is there. how much i intrest earned in last 6 years and how much i can withdraw from the same a/c.
March 14, 2009 at 2:32 pm |
I want to know the status of my PPF no, where do find this.
How can I withdraw? Can I deposite more?
How do i get the post book? for the same.
Please advice me
April 2, 2009 at 11:04 am |
Dear Sirs,
Please clarify as to whether a PPF A/c can be continued after the intial period of 15 years, in blocks of 5 years indefinetly, without any limits in the period.
Thanks
M.M.Kamath
September 8, 2009 at 4:04 pm |
Sir,
My PPF A/C in SBI shall be completed 15 Years in end of October 2010. During this period, I need money for some personal and urgent requirement. An amount of Rs. 3,90,000 /- is available to that A/C up to 31.03.2009.
It will be helpful for me if I can able to know how much amount I can withdraw in both permenent as well as on refundable basis. If it is under refundable withdran, how much interest I have to pay the Bank,