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Public Provident Fund is a scheme in which any Indian with a PAN card can invest and save money. Provident Fund is a scheme in which a person can join only through his employer.

A portion of his salary would be deposited with the regional PF office on his name whereas in PPF you visit any nationalized bank like SBI and deposit money into your account.

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15y ago

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Related Questions

Which one is better between voluntary provident fund and public provident fund?

VPF


Can NRIs invest in Public Provident Fund (PPF)?

Yes, Non-Resident Indians (NRIs) are not eligible to invest in the Public Provident Fund (PPF) as per current regulations.


What is rate of interest of ppf?

Public Provident fundThe Public Provident Fund Scheme is a statutory scheme of the CentralGovernment of India.The Scheme is for 15 years.The rate of interest is 8% compounded annually.The minimum deposit is 500/- and maximum is Rs. 70,000/- in a financial year.To know more you can checkhttp://tips4bsense.blogspot.com/2010/01/public-provident-fund-public-provident.html


Can Non-Resident Indians (NRIs) invest in Public Provident Fund (PPF)?

Yes, Non-Resident Indians (NRIs) are not eligible to invest in the Public Provident Fund (PPF) as per the current regulations.


How many nominees can be made in a public provident fund account?

As many as you want.


How much can you invest yearly in public provident fund?

From min. 500/- to max. 100000 /-


Is the Principal and the interest amount withdrawn after the closure of Public Provident Fund Account on maturity is taxable?

If you withdraw before completing 5 years of service - Yes, it is taxable. If you have completed 5 full years, no it is not taxable


Is it mandatory to have a saving account in State Bank of India before opening a Public Provident Fund account in State bank of India?

No. u don't need to open savings a/c for opening ppf a/c in sbi.


What is minimum deposit in a public provident fund is how many rupees per year?

There is no such minimum number. It should be 12% of your basic salary thats all. If your basic is 1000 rupees then even Rs. 120 can be contributed every year


What does ppf stand for?

Public Provident Fund or PPF is a scheme that was introduced by the Government of India in the year 1980. Ever since that year, PPF has been a preferred choice for investment for the risk averse investor. Assured and Tax Free Returns make PPF even more attractive. The PPF is just like the regular Provident Fund Account that salaried employees get throughout India. The only difference being, the PPF account can be opened by anyone and contributions can be made as per their preferences. The money saved in the PPF Account is backed by the Government of India and hence it is practically Risk Free. The money in the PPF Account earns interest just like the PF account which will be credited into our account by the Government.


What's the difference between civil service and public corporation?

Difference between Public Corporation and Civil Service


What is the ppf in investment?

Public Provident Fund or PPF is a scheme that was introduced by the Government of India in the year 1980. Ever since that year, PPF has been a preferred choice for investment for the risk averse investor. Assured and Tax Free Returns make PPF even more attractive. The PPF is just like the regular Provident Fund Account that salaried employees get throughout India. The only difference being, the PPF account can be opened by anyone and contributions can be made as per their preferences. The money saved in the PPF Account is backed by the Government of India and hence it is practically Risk Free. The money in the PPF Account earns interest just like the PF account which will be credited into our account by the Government.