loan against PPF a/c
This query is : Resolved
08 June 2010
I have PPF a/c in SBI. Please provide me details / procedures / intt rate etc. for availing loan ag. PPF a/c balance.
08 June 2010
The deposit holder can take a loan from the PPF account in case if he/she wish so ,subject to the following conditions. The first loan can be taken in the third year of opening the account i.e., if the account is opened during the year 2009-10, the first loan can be taken during the year 2011-2012. The amount of loan will be restricted to 25% of the balance including interest for the year 2009-10 in the account as on 31.3.2010.
09 June 2010
What is the rate of Intt. and repayment period.
09 June 2010
Interest rate is 12% per annum. Repayment period is 24 months.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Price inclusive or exclusive of GST while made entry in P& L Account
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Applicability of GST on Salary Reimbursement Component
- Minimum tax payable to file Updated return
- Tds on commission charges
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Dep. as per companies act
- Salary from Qatar in Dollars in India
- Renovation exp. in flat by family member
- Need Professional Opinion AY 2012-13 Old Demand
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
Quick Links
ARTICLESHIP
07 September 2026
CA Articles
Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
View Details
22 September 2026
Account Assistant
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
View Details
ARTICLESHIP
04 September 2026
Accounts Executive
Hema Yashwanth & Associates
Chennai
B.Com
View Details
CCI
Pro
CAclubindia
