PPF Account Quiz

What is the minimum deposit required in a PPF account per year to keep it active?

• ₹100

• ₹500

• ₹1,000

• ₹5,000

What is the maximum tenure of a PPF account without extension?

• 10 years

• 15 years

• 20 years

• 25 years

Can a minor have a PPF account?

• Yes, with a guardian

• No

• Only if they are above 12 years

• Only after completing 18 years

What happens if the minimum deposit is not made in a PPF account?

• Account is closed

• Penalty is charged

• No interest is given

• Government seizes the account

Is premature closure of a PPF account allowed?

• No, never

• Yes, after 5 years for specific reasons

• Only after 10 years

• Yes, anytime with penalty

Can a person have multiple PPF accounts?

• Yes, in different banks

• Yes, in their and their child's name

• No, only one per person

• Only if approved by the government

What is the current lock-in period for a PPF account?

• 3 years

• 5 years

• 10 years

• 15 years

Can a loan be taken against PPF balance?

• No

• Yes, from 3rd to 6th year

• Only after 10 years

• Yes, anytime

What is the tax status of a PPF account?

• Only deposits are tax-free

• Only interest is tax-free

• Only withdrawals are tax-free

• All deposits, interest, and withdrawals are tax-free

Can a PPF account be transferred?

• No

• Yes, but only within the same city

• Yes, to another bank or post office

• Yes, with a special RBI permit