Per account you can deposit Rs 70000/-. So if you have three accounts you can deposit 210,000/- (70,000 X 3), but you will only get tax rebate (under sec 80C) of maximum of Rs.70,000/-.
Per account you can deposit Rs 70000/-. So if you have three accounts you can deposit 210,000/- (70,000 X 3), but you will only get tax rebate (under sec 80C) of maximum of Rs.70,000/-.
But here it's saying maximum 70,000/- per year per account.
Thread - http://www.policywala.com/forum/show...00-or-1-00-000
You will pick up maximum wrong numbers when on roaming.
Example -Originally Posted by Madhura
Maximum amount deposited in single PPF account - Rs.70000/-, tax saving rebate under 80C is 70,000/-
Maximum amount deposited in single PPF account - Rs.1,00,000/-, tax saving rebate under 80C is 70,000/-
Maximum amount deposited in two PPF account - Rs.2,00,000/-(1,00,000 each), tax saving rebate under 80C is 70,000/- for one account.
Hope this clear your doubt.
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