Economics · Financial Systems & Savings Schemes - PPF
The Public Provident Fund (PPF) is a popular long-term savings instrument in India. Regarding the rules governing PPF, consider the following statements: 1. A subscriber can make one partial withdrawal every year starting from the 7th financial year. 2. A loan can be availed against the account, capped at 25% of the balance at the end of the second year preceding the application year. 3. The minimum yearly deposit required to maintain an active account is ₹1,500. 4. If an account becomes discontinued, the accumulated funds are seized by the national treasury. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11 and 2 only✓
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1 and 2 only
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