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Public Provident Fund (PPF) Interview Questions & Answers - Learning Mode
COOLINTERVIEW.COM INVESTMENT INTERVIEW QUESTIONS PUBLIC PROVIDENT FUND (PPF) INTERVIEW QUESTIONS QUESTIONS & ANSWERS - LEARNING MODE

Public Provident Fund (PPF) Interview Questions & Answers - Learning Mode

Public Provident Fund (PPF) scheme is a popular long term investment option backed by Government of India which offers safety with attractive interest rate and returns that are fully exempted from Tax .Investors can invest minimum Rs. 500 to maximum Rs. 1,50,000 in one financial year and can get the facilities such as loan, withdrawal and extension of account. The Public Provident Fund (PPF) Scheme, 1968 is a tax-free savings avenue that was introduced by the Ministry of Finance (MoF) in India in the year 1968. Interest earned on deposits in the PPF account are not taxable. Deposits made towards PPF accounts can be claimed as tax deductions.

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Public Provident Fund (PPF) Interview Questions & Answers - Learning Mode
Try Public Provident Fund (PPF) Interview Questions & Answers - Exam Mode
Question: What are the main features of Public Provident Fund (PPF) Account?

Answer: Main Public Provident Fund (PPF) features are:-

Attractive interest rate of 8.1% that is fully exempted from Income Tax under section 80 C.
Good long term investments of 15 years.
Deposit Amount as low as Rs.500 and maximum Rs.1,50,000 in one financial year.
Deposits can be done maximum in 12 transactions.
Loan can be availed between 3rd to 6th financial year.
Partial withdrawal facility can be availed from 7th financial year onwards.
Account Source: CoolInterview.com
Question: What is eligibility criteria for opening a PPF account?

Answer: Public Provident Fund (PPF) account can be opened by resident Indian Individuals and individuals on behalf of minors.
Source: CoolInterview.com
Question: What is the new interest rate for PPF? Have other norms been changed as well?

Answer: The interest rate on Public Provident Fund (PPF) has now been reduced to 8.1 percent against 8.7 percent per annum (compounded yearly). All the other norms remain the same including the tax advantage and withdrawal permissible from 7th financial year from the year of opening account. Source: CoolInterview.com
Question: What is Public Provident Fund (PPF)?

Answer: The Public Provident Fund (PPF) Scheme, 1968 is a tax-free savings avenue that was introduced by the Ministry of Finance (MoF) in India in the year 1968. Interest earned on deposits in the PPF account are not taxable. Deposits made towards PPF accounts can be claimed as tax deductions.

Public Provident Fund (PPF) scheme is a popular long term investment option backed by Government of India which offers safety with attractive interest rate and returns that are fully exempted from Tax .Inve Source: CoolInterview.com

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Latest 20 Questions
Payment of time- barred debt is: (a) Valid (b) Void (c) Illegal (d) Voidable
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