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  • Public Provident Fund Scheme is a Central Government scheme, framed under the PPF Act of 1968. Thus we can say PPF is a government backed, long term Small Savings Scheme. The Scheme offers an investment avenue with decent returns coupled with income tax benefits.

  • ELIGIBILTY – Scheme is open to individuals and account can also be opened on behalf of minor child, by natural/legal guardian. Joint Account is Not allowed. HUF & NRIs are Not eligible.

  • TENURE OF SCHEME – Minimum 15 years, Thereafter, on application by the subscriber, can be extended to a block of 5 years without any cap with or without making additional deposits.

  • DEPOSIT/INVESTMENT LIMITS – Initial Deposit Amount- Rs.100/- to open a account. A minimum of Rs.500.00 subject to a maximum of Rs.1,50,000 per annum may be deposited.

  • DEPOSIT FREQUENCY- Deposit has to be made every year, for 15 years to keep the accounts active. Maximum 12 installments in a year.

  • DEPOSIT MODE- Through Cash, Cheque, DD, NEFT, Online.

  • RATE OF INTEREST - Rates are announced by GOI periodically. At present it is 7.6% per annum with effect from 01.04.2018. Interest is compounded on 31st March every year. Interest is calculated on the minimum balance between 5th day and end of the month.

  • LOANS AND WITHDRAWALS - Partial withdrawal and Loan permitted subject to conditions.

  • PREMATURE CLOSURE - Premature closure is allowed under specific conditions.

  • TAX BENEFITS - Tax free interest and withdrawals, deposited amount are tax deductible U/S 80C of Income Tax.

  • NOMINATION - Nomination facility is available in the name of one or more persons. The shares of nominees may also be defined by the subscriber.

  • TRANSFER OF ACCOUNT - The account can be transferred to other branches/ other banks or Post Offices and vice versa upon request by the subscriber.

NOTE: As this is a Govt. of India scheme, customers are advised to visit National Savings Institute website for latest instructions/ modification in the scheme.

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