Can the account holder choose not to close the account after maturity?

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• Can I withdraw from the scheme before maturity?

  Yes, a partial withdrawal of up to 50% is allowed after the account holder turns 18 year for the requirement of either marriage or higher education. In case of marriage of the account holder after 18 years, the operation of the account may not be ...

• Is it possible for individuals to transfer their PPF account to another person?

  No, individuals cannot transfer their PPF account to another person. Similarly, nominees cannot continue the PPF account under their names in case the account holder has passed away.

• How can I open SSY account?

  Opening a SSY account is a fairly simple process. The government has authorized various Banks and Post Offices where you can open the account under this scheme. There is not much documentation needed in normal cases.  Here is a list of documents ...

• Is TDS deducted on my savings account interest?

  No, there is no TDS on interest income from savings account

• What is Capital Gains Account Scheme?

  If you have a profit from sale of a residential house and you have not invested these profits in another asset before due date of filing return, then such an amount of capital gains needs to be deposited in the Capital Gains Account Scheme before due ...