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.
CAclubindia
