Public Provident Fund investment

Public Provident Fund is one of the most secured, long term, government backed, investment options available in India

PPF Features

Features of Public Provident Fund are:

- Income Tax exemption under Section 80C

- Tax Free Interest amount

- Compound interest on Investment

- Loan facility from PPF Account

- PPF Account can be opened in a Bank or Post office

- PPF interest amount along with principal is safe and guaranteed

- Minimum investment in a year is Rs. 500 and maximum is Rs. 1,50,000/-

- Renewal for further period of 5 years after completion of 15 years

PPF Drawbacks

The only draw back is you can withdraw the invested money by the end of 6th year.

Interest Rate of PPF during last few years

Financial Year	2018-20	2017-18	2016-17	2015-16	2014-15	2013-14	2012-13	2011-12
Interest Rate	7.60%	7.60%	8.10%	8.70%	8.70%	8.70%	8.80%	8.00%

Tax Exemption on PPF Investment

PPF is a tax saving option. Amount invested upto Rs. 1,50,000/- is exempted under section 80C of Income tax Act.

Who can open a PPF Account

A resident Indian citizen is eligible to open a PPF account in his/her name.

PPF Account for Minors

PPF Account can be opened in the name of Minors also in their name, provided it is operated by their parent.

PPF Account of Non Resident Indians
NRI are not permitted to open a new PPF account. However, any existing account in their name remains active till the completion of tenure. There is no extension option for for PPF account of NRIs.

Opening PPF Account

PPF Account can be opened in an authorized Bank or in a Post office

Documents required to open a Public Provident Fund Account

The following are the basic documents to open a Public Provident Fund Account:

- Aadhaar, Voter ID, Driver�s License, etc.

- PAN card.

- Residential address proof.

- Form for nominee declaration.

- Passport sized photograph.