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Public Provident Fund (PPF)

Central Scheme (All India) Finance Application Mode: MIXED Active
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Verified Scheme Data Profile

This profile has been independently compiled from official gazette notifications and verified web domains. Source Authority Link: www.india.gov.in Authority: Ministry of Finance • State/Region: Central Scheme (All India) • Last Audited: 29 Jul 2026

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Long‑term, government‑backed savings scheme offering tax‑free interest and capital protection.

Detailed Summary

Overview

The Public Provident Fund (PPF) is a statutory savings instrument administered by the Ministry of Finance. It encourages long‑term financial discipline by providing a fixed tenure of 15 years, which may be extended in successive blocks of five years upon the account holder’s request.

Account Operations

Contributions can be made annually, quarterly, or in a lump sum, subject to a minimum of Rs. 500 and a maximum of Rs. 1,50,000 per financial year. The account accrues interest on a daily basis, compounded annually, at a rate declared by the Government of India. Interest earned, the principal, and the maturity proceeds are exempt from income tax (EEE category).

Legal Safeguards

PPF balances are protected from attachment under court orders and can be pledged as collateral for loans from scheduled banks and post offices, subject to prescribed limits.

Extension and Premature Withdrawal

After the initial 15‑year term, the holder may extend the account for any number of five‑year periods. Partial withdrawals are permissible from the seventh financial year onward, subject to conditions.

Key Benefits & Financial Assistance

Comparison Criteria Benefits
Key Benefits
  • Interest, principal and maturity amount are fully tax‑exempt (EEE).
  • Account balance is immune to court attachments.
  • Can be pledged as collateral for loans up to 75 % of the balance.
  • Flexible contribution schedule within the annual limits.
  • Guaranteed sovereign backing ensures capital safety.

Eligibility Criteria Profile

Comparison Criteria Eligibility
Occupation Status Student, Farmer, Self-Employed, Salaried, Unemployed, Homemaker
Domicile State All India (Central Scheme)

Application Process Guide

  1. Visit the website or mobile app of any authorized bank or post office offering PPF services.
  2. Complete the online application form or obtain a physical form for offline submission.
  3. Submit KYC documents (Aadhaar, PAN, address proof).
  4. Make the initial deposit meeting the minimum Rs. 500 requirement.
  5. Receive the account number and passbook (digital or physical).

Common FAQs regarding this Yojana

The minimum annual contribution is Rs. 500, and the maximum is Rs. 1,50,000.

Yes. After maturity, the account holder may extend the account for any number of five‑year blocks.

No. Interest, the principal, and the maturity proceeds are fully exempt from income tax.