Public Provident Fund (PPF)

iAbout This Scheme

PPF is a long-term savings and tax-saving scheme with EEE (Exempt-Exempt-Exempt) tax status, meaning the investment, interest earned, and maturity amount are all tax-free. It has a 15-year tenure extendable in 5-year blocks, with an interest rate of 7.1% per annum compounded annually. It is available at post offices and authorised banks.

🎁Key Benefits

• 7.1% per annum interest, compounded annually (tax-free)
• EEE tax status — investment, interest, and maturity all tax-exempt
• Section 80C deduction up to ₹1.5 lakh per year
• 15-year tenure; extendable in 5-year blocks
• Partial withdrawal allowed from 7th year
• Loan facility against PPF balance from 3rd to 6th year

✅Eligibility Criteria

• 1
  Any resident Indian individual
• 2
  Only one PPF account per individual
• 3
  NRIs cannot open new PPF accounts (existing ones allowed to continue until maturity)

📝How to Apply

❓Frequently Asked Questions