Benefit Amount
Varies based on contribution; maturity amount with compound interestSavings
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ℹAbout Public Provident Fund
The Public Provident Fund (PPF) is a long-term savings and investment scheme offered by the Government of India to help citizens build financial security for their future. It provides a safe, government-backed investment option with attractive interest rates and tax benefits. Any Indian citizen can open a PPF account and contribute regularly to accumulate wealth. The scheme offers guaranteed returns, tax deductions on contributions, and flexibility in partial withdrawals after 7 years. It is particularly suitable for salaried employees, self-employed individuals, and anyone seeking a secure retirement corpus. The scheme encourages disciplined saving habits and financial inclusion by making investment accessible to all income groups with minimal documentation.
Ministry
Ministry of Finance
✓Who Is Eligible?
Quick eligibility check:
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Gender: Male, Female, Other✓
Category: General, OBC, SC, ST📄Documents Required5 required
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PAN Card or Aadhaar Card📋
Address proof (Electricity bill, Telephone bill, or Passport)📋
Identity proof (Passport, Driving License, or Voter ID)📋
Passport size photographs?Frequently Asked Questions
1Who is eligible to open a PPF account?
Any Indian citizen aged 18 years or above can open a PPF account. There is no upper age limit, income restriction, or occupational barrier. Minors can also open accounts through their guardians.
2What are the key tax benefits of PPF?
Contributions to PPF are tax-deductible under Section 80C of the Income Tax Act (up to Rs. 1.5 lakh per financial year). The interest earned and maturity amount are both tax-free, making it an excellent investment for reducing tax liability.
3What is the minimum and maximum contribution in PPF?
The minimum annual contribution is Rs. 500 and the maximum is Rs. 1.5 lakh per financial year. You can contribute in lump sum or in installments throughout the year.
4What is the maturity period and what happens after it?
The PPF account matures after 15 years from the end of the financial year in which the first deposit was made. After maturity, you can withdraw the entire amount or extend the account in blocks of 5 years with the option to continue contributions.
5Can I withdraw money from my PPF account before maturity?
Partial withdrawals are allowed from the 7th financial year onwards up to 50% of the balance in the preceding 4 financial years or 50% of the balance in the immediately preceding financial year, whichever is lower. Full withdrawal is allowed only after maturity or in special cases.
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