Ideal investment option for both salaried as well as
self employed classes.
Non-Resident Indians (NRIs) not eligible.
Investment up to INR. 1,00,000 per annum qualifies for
IT Rebate under section 80 C of IT Act.
The rate of interest on the
subscriptions made to the fund on or after 01.12.2011 and balances
at credit of the subscriber in the existing PPF account shall bear
interest at the rate of eight point six per cent (8.6%) per
annum.
Loan facility available from 3rd financial
year upto 5th financial year. The rate of interest
charged on loan taken by the subscriber of a PPF account on or after
01.12.2011 shall be 2% p.a. However, the rate of interest of
1% p.a. shall continue to be charged on the loans already taken
or taken up to 30.11.2011.
Withdrawal permitted from 6th financial
year.
Free from court attachment.
An individual cannot invest on behalf of HUF (Hindu
Undivided Family) or Association of persons.
Type of Account
Minimum limit
Maximum limit
Public Provident
Fund
(Individual account
on his behalf or on behalf of minor of whom he is the
guardian)
15
Years Public Provident Fund