Can I increase my PPF deposit amount?

An individual cannot deposit more than Rs. 1.5 lakh to a given PPF account, in a year. The increase is provided to make the scheme more lucrative to people.

Can I change standing instruction in PPF account?

b. Standing Instruction facility will not be available for an irregular PPF account. The account must be regularised first by paying the penalty and past contributions.

Can I transfer PPF amount online?

State Bank of India (SBI), ICICI Bank, and HDFC Bank, among others, offer online PPF account opening online. In a financial year, you can make up to 12 transactions and transfer up to Rs. 1.5 lakh from one public provident fund account. Your transactions will be denied if you make more than 12 transfers.

Can we increase PPF amount after 5 years?

After 5 years, if one continues the PPF investment again for 5 years, the money in their PPF account will increase to Rs 8.24 lakh. If one extends this PPF account for the third time, for 5 years, then the total investment period will be 30 years while the amount in PPF account will increase to Rs 12.36 lakh.

What is standing instruction in PPF account?

Standing instruction (SI) is defined as an instruction by a bank account holder to the bank regarding debit and transfer of funds from one account to another. A standing instruction can be registered for the transfer of funds from your savings/current account to the PPF account held with the same or different bank.

How can I delete my SBI standing instructions?

You may cancel your standing instructions, which are set through Internet Banking, by “View/Cancel” tab, under e-Services -> Standing instruction link.

Can I open PPF account for my homemaker wife?

Only either father, mother or guardian (in case parents not alive), can open ONE account in the name of a minor. Hence, opening PPF account in Post Office with being you as guardian and opening another account in SBI bank with your wife as guardian on the same child is not allowed. You may open like this.