BANKING GENERAL KNOWLEDGE
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Question
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INR. 3, 50, 000/-in a financial year.
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INR. 3, 00, 000/-in a financial year.
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INR. 2, 50, 000/-in a financial year.
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INR. 1, 50, 000/-in a financial year.
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Detailed explanation-1: -1.50 lakh shall be inclusive of the deposits made in his/her own account and in the account opened on behalf of minor. (iii) Amount can be deposited in any number of installments in a FY in multiple of Rs. 50 and maximum up to Rs. 1.50 lakh.
Detailed explanation-2: -500, the PPF maximum deposit limit is Rs. 1.5 lakhs in one financial year, i.e. between April and March. You cannot deposit more than Rs. 1.5 lakhs in the PPF Account in any given financial year.
Detailed explanation-3: -Investment limits: PPF allows a minimum investment of Rs 500 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.
Detailed explanation-4: -Earlier, you could deposit funds in your PPF account only twelve times during a financial year. However, per the new PPF rules, there is no restriction on the number of deposits. You can deposit funds in multiples of Rs 50, but, per usual, your maximum annual deposits cannot exceed Rs 150, 000.