What does Initial Subscription amount means in PPF account..??

What does the Initial Subscription amount means in the form for opening PPF account...??
Is it the fixed amount which have to be deposited every year..??
If I mention a sum of Rs. 10,000 as Initial subscription amount at the time of opening a new PPF account, then do I need to deposite the same amount every year or I can deposite any amount between Rs. 500 to Rs. 70,000.

Please clarify this doubt..

you can deposit 70,000 maximum . Range between 500 to 70000.

You can pay monthly also eg. 5000 per month

Thanx to you for replying me...

That means Initial subscription doesn't have any relation with the amount we deposite after opening the PPF account..

I thought tht its the fix amount just like life Insurance policy, which we have to pay every year (either in one payment or in multiple payment).

Thanx and Regards

hi..
in an insurance policy u have 2 pay a fxed premium evry year, whereas in a ppf a/c ,u can deposit any amont between 500- 70000 in a financial year.

Hii Anurag...

Thanx for replying me. My doubt is clear now..

Have a good time thr...

Thanx and Regards

The minimum amount to be deposited in this account is Rs 500 per year i.e. the subscription amount. The maximum amount you can deposit every year is Rs 70,000. The interest you will earn is 8% per annum.

You can make up to 12 deposits in one year. You dont have to put in this money at one go.

The PPF account is valid for 15 years. The entire balance can be withdrawn on maturity, that is, after 15 years of the close of the financial year in which you opened the account. So, if you opened it in FY 2006-07 (this financial year), you will be able to withdraw it 15 years later, starting March 31, 2007 (end of this financial year). That means your PPF matures on April 1, 2022. It can be extended for a period of five years after that. During these five years, you earn the rate of interest and can also make fresh deposits. Once your account expires, you can open a new one. The only limitation is that you cannot withdraw it until seven years are completed, after which 50% of your deposits can be withdrawn, if needed.