Public Provident Fund (PPF)
Central Scheme (All India)
Finance
Application Mode: MIXED
Active
Quick AI Summary
Popular long-term savings-cum-tax-saving instrument offering guaranteed tax-free interest returns and capital safety.
Detailed Summary
PPF accounts have a tenure of 15 years, which can be extended indefinitely in blocks of 5 years.
Key Benefits & Financial Assistance
| Comparison Criteria | Benefits |
|---|---|
| Key Benefits | - Completely tax-free interest and maturity amount (EEE category). - Collateral for loans and protection against court attachments. - Minimum deposit of Rs. 500 and max Rs. 1.5 Lakhs per year. |
Eligibility Criteria Profile
| Comparison Criteria | Eligibility |
|---|---|
| state id | = 3 |
Application Process Guide
- Open PPF account online through mobile/net banking of authorized banks, or visit nearest post office.