Please find the list of Salient Features.
Minimum yearly deposit is 500 Rs and maximum deposit is Rs 100000.
There is a lock-in period of 15 years and the money can be withdrawn in whole after its maturity period.
However, pre-mature withdrawals can be made from the end of the sixth financial year from when the PPF commenced.
The maximum amount that can be withdrawn pre-maturely is equal to 50% of the amount that stood in the account
at the end of 4th year preceding the year in which the amount is withdrawn or the end of the preceding year whichever is lower.
Interest earned is exempted from Tax without any tax. Annual contributions qualify for tax rebate under section 80 c of income tax.
The minimum tenure for PPF account is 15 yrs , which can be extended in the blocks of 5 yrs.
Interest Rate :7.1%