I have three PPF accounts:
I have been told that I can invest only 150000/- (FY: 14-15) collectively in all three accounts. Please let me know if this is correct or what is the maximum amount I can invest in these three accounts.
- Nitin Betharia
The investment in the PPF account in your name and that opened on behalf of a minor cannot collectively exceed ₹150,000 in a year. As per extant terms, a PPF account cannot be opened in the name of a HUF. The maximum investment limit in a PPF account was increased to ₹150,000 from the earlier ₹100,000 in the Union Budget 2014-15. There is a lock in period of fifteen years and the minimum investment amount is ₹500 per annum.
This article was originally published on February 10, 2015.
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