SBI Public Provident Fund (PPF) Account: How To Invest, Interest Rates, Tax Benefits

As per extant instructions, opening of PPF accounts in the name of Hindu undivided family is not permitted, according to SBI. A minimum of Rs 500 subject to a maximum of Rs 1,50,000 per annum can be deposited. The subscriber should not deposit more than Rs.1,50,000 per annum as the excess amount neither earns any interest nor is eligible for rebate under Income Tax Act.  The amount can be deposited in lump sum or in a maximum of ...