Public Provident Fund
Public Provident Fund is one of the most popular fixed income products, thanks to its tax benefits and long-term assured returns.
E Services offers easy ways of investing in PPF online.
INTRODUCTION of Public Provident Fund
- Minimum deposit ₹ 500/- & Maximum deposit ₹ 1,50,000/- in a Financial year.
- Loan facility is available from 3rd financial year upto 6th financial year.
- Withdrawal is permissible every year from 7th financial year.
- Account matures on completion of fifteen complete financial years from the end of the year in which the account was opened.
- After maturity, account can be extended for any number for a block of 5 years with further deposits.
- Account can be retained indefinitely without further deposit after maturity with the prevailing rate of interest.
- The amount in the PPF account is not subject to attachment under any order or decree of a court of law.
- Deposit qualifies for deduction under Sec.80-C of I.T.Act.
- Interest earned in the account is free from Income Tax under Section -10 of I.T.Act.
To Know More Or For Opening PPF Account