Ch.1 · Savings vs Investment Avenues · easy

What is the current lock-in period for a Public Provident Fund (PPF) account?

0% of students got this wrong

EXPLANATION

A PPF account has a mandatory lock-in period of 15 years. It can be extended in blocks of 5 years after maturity. Partial withdrawals are permitted from the 7th financial year onwards.

A.15 years [✓ Correct]

B.10 years

C.5 years

D.20 years

EXPLANATION

A PPF account has a mandatory lock-in period of 15 years. It can be extended in blocks of 5 years after maturity. Partial withdrawals are permitted from the 7th financial year onwards.

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