PPF / SSA Accounts – Maximum Deposit Limit Allowed Per Financial Year
PPF / SSA Accounts – Maximum Deposit Limit Allowed Per Financial Year
Admin Sunday, May 17, 2026
The Government Savings Schemes such as the Public Provident Fund (PPF) and Sukanya Samriddhi Account (SSA) provide attractive interest rates along with tax benefits. However, deposit limits prescribed under the rules must be strictly followed.
Maximum Deposit Limit in PPF Account
As per Rule 4(2) of the PPF Scheme, 2019, the maximum amount that can be deposited in a PPF account during a financial year is ₹1,50,000.
This limit includes:
Deposits made in the individual’s own PPF account, and
Deposits made in PPF accounts opened on behalf of minor children.
Important Clarification
If a parent has:
One self PPF account, and
One or more minor PPF accounts,
then the combined total deposit in all such accounts together cannot exceed ₹1.50 lakh in a financial year.
Example
| Account Type | Deposit Amount |
|---|---|
| Self PPF Account | ₹1,00,000 |
| Minor Child PPF Account | ₹50,000 |
| Total | ₹1,50,000 |
This is permissible.
However:
| Account Type | Deposit Amount |
|---|---|
| Self PPF Account | ₹1,20,000 |
| Minor Child PPF Account | ₹60,000 |
| Total | ₹1,80,000 |
This exceeds the prescribed limit and is not allowed.
Maximum Deposit Limit in Sukanya Samriddhi Account (SSA)
Under the SSA Scheme rules, the maximum deposit permitted in one financial year is also ₹1,50,000 per girl child account.
Minimum Deposit
Minimum yearly deposit required: ₹250
Maximum yearly deposit allowed: ₹1,50,000
Deposits beyond the prescribed ceiling will not earn interest as per scheme rules.
Reference Rules
The deposit limits are governed by:
Rule 4(2) of the PPF Scheme, 2019
Rule 124(2) and Rule 125 of POSB CBS Manual
Key Points to Remember
✅ Maximum deposit limit in PPF per financial year: ₹1.50 lakh
✅ Combined deposits in self and minor PPF accounts together cannot exceed ₹1.50 lakh
✅ Maximum deposit limit in SSA per financial year: ₹1.50 lakh
✅ Excess deposits may become irregular and may not earn interest
✅ Customers should carefully monitor cumulative yearly deposits
Conclusion
Both PPF and SSA are excellent long-term savings schemes backed by the Government. While investing, customers and officials must ensure that annual deposits remain within the prescribed limits to avoid irregularities and loss of interest benefits.
Careful monitoring of yearly deposits helps maintain compliance with scheme rules while maximizing the benefits of these popular savings instruments.