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Can I deposit cash in PPF account?

Author

James Craig

Updated on February 17, 2026

Can I deposit cash in PPF account?

Yes, you can deposit cash in your PPF account. You need to fill Form B available at post office or the banks with the required details such as your name, address, PPF account number, cash details, etc. once paid, you can get your PPF passbook updated at the counter.

In this regard, can I deposit money in my PPF account online?

Banks allows the customer to deposit their cash in the PPF Account through online using the Internet Banking. All you have to do is login to the online banking account and perform the fund transfer. The fund transfer process is very much similar to that of the normal bank transfer.

Also Know, where can I deposit PPF amount? As per an order of the Department of Post, investors can deposit cheques at any non-home branch towards their small savings scheme including Public Provident Fund (PPF), Sukanya Samriddhi Account (SSY), post office Recurring Deposit (RD) and savings account.

People also ask, when should I deposit money in PPF account?

3) So to maximise interest, a PPF subscriber should deposit contributions or lump sums before the 5th of each month. The minimum amount that has to be deposited in a PPF account each year is ₹500 while the maximum limit is that of ₹1.5 lakh.

Can I deposit more than 1.5 lakh in PPF?

The maximum limit of Rs 1.5 lakh implies that you cannot claim deduction on full amount when the sum of your total contribution in PPF account and other schemes allowed under Section 80 is more than Rs 1.5 lakh in a financial year.

Can I deposit PPF online in SBI?

With the advent of Online Banking, the facility of making payments into your PPF Account in SBI can now also be done online without visiting the SBI Branch. You can now deposit the amount in your PPF Account in SBI from the comfort of your home anytime during the day by making use of Internet Banking.

Can I deposit PPF online in post office?

There are three methods of making an online deposits to your PPF account. Most banks and post offices would allow online deposit of money into PPF (Public Provident Fund) accounts held with them. Else, they have to use NEFT or ECS mandate to make deposits from savings account maintained with a different bank.

How can I check my PPF balance?

Checking PPF Account Balance Online
  1. Make sure you have internet banking activated for your linked bank account.
  2. Log in through your internet banking user ID and password to check the details of your PPF account.
  3. Once you are logged in, you can check your PPF account status and balance.

Can someone else transfer money to my PPF account?

Yes you can. The process is just like adding any other beneficiary to third-party transfers on online banking.

Can we transfer PPF account from post office to bank?

In case you wish to transfer your PPF account from a post-office to a bank or from one bank to another, you need to submit a transfer application request at your existing post-office/bank branch along with your original PPF passbook. Also, collect the receipt of the transfer request from your post-office/bank.”

Can I deposit PPF online in PNB?

Yes. You just need to have ACTIVE Internet Banking facility of PNB to make the payments. Now, you can login to Internet banking portal → PPF Account → Link PPF Account Online → You will be asked to enter your account details. Once added you can proceed with further transaction.

How can I fund my PPF account in SBI?

Follow the following steps for 'SBI ppf account payment online'.
  1. Login to SBI internet banking using your net banking Id and Password which you will seen in the 'within SBI' option.
  2. Click on 'Payment/ transfer' option and then click ' Fund transfer own sbi account'.

Can I transfer money online to post office PPF account?

Yes, with the launch of India Post Payments Bank (IPPB), the monthly installment of RD amount can be transferred online into your RD account. Even PPF and Sukanya Samriddhi Account premiums can be paid online through IPPB.

How much I will get in PPF after 15 years?

How is PPF interest calculated? For example, if you make annual payments of Rs. 1,00,000 towards your PPF investment for 15 years at 8.0%, your maturity proceeds at the end of 15 years would be Rs. 31,17,276 .

Can I have 2 PPF accounts?

The PPF rules allow the same individual to open another account in the name of a minor but it does not allow to hold more than one PPF account in one's own name. While only one PPF account is allowed to be opened in one's name, there could be a possibility that one ends up holding multiple PPF accounts.

Which PPF is best?

Specifically, you may consider any large PSU bank such as State Bank of India (SBI) & Punjab National Bank (PNB) or private bank such as HDFC Bank & ICICI Bank, for opening your PPF account. You may prefer these banks as they provide best class customer services and online banking facilities.

Which bank gives highest PPF interest rate?

State Bank of India (SBI)

Which is better FD or PPF?

Both FDs and PPF offer tax benefits under Section 80C of the Income Tax Act, but PPF offers more benefits. For FDs, after 5 years of lock-in, the amount invested in FDs can be claimed for deduction up to a limit of ₹1.5 lakhs. On the other hand, PPF falls under Exempt-Exempt-Exempt (EEE) status.

How many times I can deposit in PPF in a month?

An individual can deposit money into a PPF account, a maximum of 12 times, during a given financial/fiscal year. Also, No more than two deposits can be made to PPF scheme, during any given month.

Which is the best month to open a PPF account?

April

Is PPF safe to invest?

PPF is considered as a safe investment option since the past few decades. People who generally don't want to take any risk and earn a fixed rate of interest accompanied with tax benefits opt to invest in it. The contribution made towards PPF qualifies for Tax deduction U/s 80C upto a maximum of Rs. 1.5 lakhs.

Is PPF the best investment?

PPF is a very good investment/tax saving option, in case you are a tax payer and fall in atleast one of the tax brackets decided by the government. The government allows you an exemption of Rs 1,50,00 in case you deposit the money in a PPF.

What is PPF interest rate?

Interest payable on PPF is fixed quarterly by Ministry of Finance, Government of India from April 1st, 2016. Current PPF interest rates offered by SBI, ICICI and all banks is 7.10% as applicable from 1st April, 2020.

Can I pay PPF using credit card?

You can Pay Online either through your Credit/Debit Card or through Postal Saving Bank(POSB) NetBanking Account.

What type of account is PPF?

PPF Product Features
Deposits to Public Provident Fund (PPF) Accounts can be made in the form of cash, cheque, online funds transfer from ICICI Bank Savings Account and fund transfer from other bank accounts through NEFT.

How can I invest in PPF online?

You can even invest online in the PPF account if you have a savings bank account with Axis Bank and link it with the PPF account. The minimum amount that must be invested in a PPF account is Rs 500 and the maximum is Rs 1,50,000 lakh in a year. On maturity, the account can be extended for a 5-year period.

Can a person have 2 PPF account?

One of the most important guidline for PPF investment is that, One person can keep only one PPF account at one time. If a person found having two PPF account, the later opening account will be closed automatically and the account holder will neither get tax deduction from second account nor any interest amount.

Can I invest more than 1.5 lakhs in 80c?

Although there is no restriction on the amount one can invest in it, investments up to Rs 1.5 lakh in a financial year is exempt under section 80C of the Income Tax Act. The recent budget kept the section 80C limit of Rs 1.5 lakh intact.

What happens if I invest more than 1.5 lakhs in PPF?

The maximum limit of Rs 1.5 lakh under Section 80C implies that you cannot claim deduction on the full amount when the sum of your total contribution in PPF account and other schemes allowed under this section of the Income Tax Act is more than Rs 1.5 lakh in a financial year.

Can husband deposit in wife PPF?

Yes, your wife can have a PPF account in her name and you can invest Rs 1.5 lakh on her behalf (apart from the Rs 1.5 lakh that you invest in your own PPF account). Under the income tax laws, income from money given to a spouse is clubbed with the income of the giver.

Can I deposit money in PPF after 15 years?

PPF accounts have a maturity period of 15 years and they can be extended. If there is no fund requirement, financial planners say, PPF account holders should extend the account beyond 15 years. The interest earned and maturity proceeds are also tax free.

Can husband and wife open separate PPF account?

First of all, both husband and wife may open PPF accounts in their name only if both of them have their own sources of income. He or she may open accounts for his/her minor children, but total investments in PPF against a single PAN cannot exceed the statutory limit, which is now Rs 1,50,000 in a financial year.

Can I have both PPF and EPF?

Yes! An individual can have both the PPF and EPF accounts simultaneously. PPF - Public Provident Fund or PPF is a secured long-term investment option which is totally tax-free. PPF account can be opened in any bank or post office.

Can I increase PPF amount?

Yes, you can change the installment of PPF account each year. The minimum deposit that has to be made into the account each year to keep the account active is Rs. 500. Incase you are changing the PPF installment amount each year, then you will not be able to reap good benefits of PPF investments.

Should I invest monthly or yearly in PPF?

Yes - The best investment option on PPF is to do lumpsum on yearly basis before the April-5th of every financial year. There is a difference in returns with monthly and yearly investment. In PPF, One can invest upto 1.5lakhs in a financial year.

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