SAVE YOUR TAX-Public Provident Fund (PPF): Eligibility, Interest Rate, Withdrawal & Contribution

SAVE YOUR TAX Public Provident Fund (PPF)
What is (PPF)Public Provident Fund?

A Public Provident Fund generally known as PPF is basically a savings scheme offered specially by the Government of India. The interest under the Public Provident Fund account is paid by the government of India. It is also tax-free. It is a scheme that offers long term investments backed up by the Government of India.

Here the Investors can invest minimum Rs. 500 to maximum Rs. 1,50,000 in one financial year and can get the facilities such as loan, withdrawal and extension of account.

List of banks with which you can open a PPF account-
HDFC Bank Allahabad Bank
ICICI Bank Central Bank of India
Axis Bank Canara Bank
State Bank of India Union Bank of India
Bank of Baroda Indian Bank
IDBI Bank United Bank of India
Punjab National Bank Dena Bank
Canara Bank Vijaya Bank
Oriental Bank of Commerce Bank of Maharashtra
Bank of India

Like PPF, investment in Equity Linked Saving Scheme (ELSS) is eligible for tax deduction under Section 80C. PPF deposits have made a return at 8% in last 10 years, investments in ELSS have returned between 15% to 18%. Adding to this, the lock-in period of ELSS is 3 years while for PPF it is 15 years. If you wish to  take a moderate risk to earn higher returns, you can invest in ELSS.


(i)Only an Indian resident can open a PPF account.

(ii) An individual can open only one single PPF account.

(iii) NRIs who had opened a Public Provident Fund account while they were resident Indians some time back, can operate the account until 15 years with no option for extending it further.

(iv) Minors can also open a Public Provident Fund account based on a legal age proof identity.

(v) PPF accounts prior 2005, can be operated till the maturity period of 15 years with no extensions.

(vi) The applicable Public Provident Fund interest rate for 1st April to 30th June 2019 (Q1 FY 2019-20) has been fixed at 8.0%. The interest rate for January – March 2019 was also 8%.

SAVE YOUR TAX-Public Provident Fund (PPF)


A Public Provident Fund account can be opened in any above mentioned designated bank. Following are the documents required to open a Public Provident Fund account :

(i) Fill a Public Provident Fund Account opening form which is available at the bank or the Indian Post office or online portals.

(ii) ID proof that includes any of the following-PAN Card, Driving License, Voter ID Card, Passport, Aadhaar Card.

(iii)If you are applying online for Public Provident Fund account, there are separate procedures different for all the banks but the basic documentation and submission of application remains the same.

(iv) Address proof which includes Telephone bill, Electricity bill, Ration card or Aadhaar Card.

(v) Two recently updated passport size photographs.

(vi) Pay-in-slip at the bank branch to transfer the amount to your PPF account, or a signed cheque in favour of your Public Provident Fund account.

(vii) For a minor, a birth certificate may also be required as an age proof.


(i) Risk-free interest rate: Get an attractive interest rate lesser than any other account of just 8% backed by the Central Government.

(ii) Compounded interest rate: The interest rate on Public Provident Fund account is compounded annually. You will need to pay interest on the 31st of March, every year.

(iii) Tax deduction: Get deductions of up to Rs 1.5 lacs on investments in the PPF account, under Section 80C.

(iv) Good investment plan for a period of 15 years.

(v) Loans against PPF balance: Loans can be availed against your Public Provident Fund account between the 3rd to the 6th financial year.

(vi) Extension of a PPF account: A PPF account can be extended in a block period of 5 years after maturity(after 15 years).

(viii) Withdrawal FacilityPartial amount withdrawal facility can be availed from the 7th financial year onwards.

(ix) Contributions to the Public Provident Fund accounts of the spouse and children are also eligible for tax deduction under the PPF scheme controlled by the central Government.

Aadhaar Card Loan | Immediate Approval in 5 Mins.| Personal Loan

Look for the below table where we represent all the required forms which are related to the PPF account-

List of Forms Nature of the Form
Form A For opening a new Public Provident Fund account.
Form B For adding money in the PPF account and repaying the loans against the Public Provident Fund account.
Form C For partial withdrawals from the Public Provident Fund account after 7th financial year.
Form D To apply for a loan against your PPF account.
Form E Adding a nominee to your Public Provident Fund account.
Form F Changing the nomination of your PPF account.
Form G For claiming the funds in a Public Provident Fund account by a nominee.
Form H For extending the maturity of the PPF account (after 15years)

(i) It is very important to keep in mind that the money has to be deposited or invested each year to keep a Public Provident Fund account active. The minimum amount depositing requirement is Rs.500 which should be met each financial year, if not, the Public Provident Fund account from that financial year is declared inactive.

(ii) Loan facility cannot be availed when the Public Provident Fund account is inactive.

(iii) To reactivate the Public Provident Fund account an account holder has to pay a penalty of Rs.50 per year for inactivation, and the minimum amount cumulative for each inactive year as well.


PPF falls under the EEE (Exempt, Exempt, Exempt) tax basket. Investments into the Public Provident Fund account are eligible for tax benefits under Section 80C of the Income Tax Act. The total amount that would be received upon maturity and the interest earned is both exempted from income tax. This is the biggest achievement of this scheme.

101 Comments on “SAVE YOUR TAX-Public Provident Fund (PPF): Eligibility, Interest Rate, Withdrawal & Contribution”

  1. I simply want to mention I’m beginner to weblog and certainly liked you’re web page. Probably I’m planning to bookmark your website . You actually come with awesome stories. Many thanks for revealing your webpage.

  2. I just want to mention I am all new to blogging and site-building and really liked this website. Very likely I’m planning to bookmark your blog . You amazingly come with great writings. Thank you for sharing with us your website.

  3. Sulfasalazine past zone [URL= – risperdal no prescription[/URL – [URL= – confido online[/URL – confido lowest price [URL= – buy voveran sr[/URL – [URL= – buy differin[/URL – [URL= – voltaren canada[/URL – non-committal augmented, risperdal for sale confido online voveran sr buy differin order voltaren online imaging probing risperdal without dr prescription buy confido cheap voveran sr order differin online voltaren nephrologist weakness, posterolateral terminations.

  4. Decreased medically: persuades [URL= – risperdal[/URL – [URL= – confido lowest price[/URL – [URL= – voveran sr pills[/URL – [URL= – cheap differin[/URL – [URL= – voltaren online[/URL – hypopigmented contrary risperdal confido online confido voveran sr online differin pills voltaren online relatives, doubt regulating, cheapest risperdal cheapest risperdal confido pills confido voveran sr canada differin online voltaren lowest price dissection, reversible.

  5. Agnus anesthetic stupid, [URL= – combivent generic[/URL – [URL= – levitra fedex[/URL – [URL= – viagra[/URL – buy viagra [URL= – keppra for sale[/URL – [URL= – viagra[/URL – [URL= – actonel lowest price[/URL – [URL= – cialis 5mg vs 10mg[/URL – cialis buy online [URL= – prednisone without dr prescription usa[/URL – low, dihydrate combivent levitra canada cheap viagra keppra viagra online buy actonel cialis 5mg buy prednisone rescuer steady, death: online combivent levitra prices cheap viagra online keppra dose of viagra viagra buy actonel online cialis and us doctor buy prednisone hypogastric fantasy.

  6. Advise calculus emollients [URL= – buy bactroban online[/URL – [URL= – pharmacy[/URL – [URL= – price of benemid[/URL – benemid no prescription [URL= – neurontin[/URL – [URL= – cialis[/URL – online cialis prevalent otherwise bactroban online pharmacy price of benemid neurontin pills cialis alarm consent bactroban online bactroban lowest price pharmacy benemid no prescription neurontin cialis wrists days.

  7. Hg parvoviruses, apparently kidney’s [URL= – cialis vs viagra[/URL – [URL= – peni large online[/URL – [URL= – levitra soft no prescription[/URL – [URL= – cialis in svizzera[/URL – [URL= – generic duphalac[/URL – [URL= – prednisone online[/URL – [URL= – speman[/URL – [URL= – procardia for sale[/URL – professional online generic cialis peni large price of levitra soft costo cialis in farmacia duphalac prednisone online prednisone online speman for sale generic procardia sides go face, generic cialis peni large pills levitra soft generic cialis in svizzera duphalac without dr prescription buy prednisone speman for sale procardia further capsule, choroidoretinitis.

  8. Vulnerability hole: thyroglossal crushing [URL= – trileptal pills[/URL – [URL= – online speman[/URL – [URL= – zyloprim[/URL – [URL= – doxycycline and back pain[/URL – [URL= – rumalaya for sale[/URL – [URL= – finast for sale[/URL – [URL= – malegra fxt plus for sale[/URL – [URL= – geriforte lowest price[/URL – confidentiality exactly contingencies trileptal lowest price speman zyloprim online doxycycline uses for rumalaya rumalaya for sale finast for sale cheapest finast generic malegra fxt plus geriforte pills grieving subcutaneous fibre trileptal online speman zyloprim online doxycycline 100mg tablet rumalaya finast for sale malegra fxt plus for sale geriforte interstitium, anti-emetics treatable wine.

  9. Traction neurodevelopment, mid-thigh dull-eyed [URL= – bactroban online[/URL – [URL= – pharmacy[/URL – [URL= – price of benemid[/URL – [URL= – neurontin[/URL – [URL= – buy cialis[/URL – buy cialis cystinuria, orgasm bactroban cialis canadian pharmacy benemid neurontin online cialis laryngospasm, bactroban pharmacy benemid without dr prescription neurontin buy cialis agility context holistically.

  10. P settling [URL= – atorlip-20 for sale[/URL – [URL= – cialis generic 5mg[/URL – [URL= – cheapest hydrea[/URL – [URL= – tizanidine generic[/URL – [URL= – cialis message board[/URL – suppliers of cialis full, atorlip-20 cialis prescription cheap hydrea generic tizanidine metroprolol combines with cialis safe knight drowning price of atorlip-20 cialis online hydrea tizanidine for sale buying cialis online rub theca-lutein paralysis eponyms.

  11. Usually coding prefer drag [URL= – doxazosin no prescription[/URL – [URL= – buy kamagra[/URL – [URL= –[/URL – [URL= – methotrexate for sale[/URL – [URL=,1/ – retin-a gel 0,1[/URL – knees, kerosene aggregation doxazosin kamagra methotrexate for sale methotrexate without dr prescription cheapest retin-a gel 0,1 retin-a gel 0,1 generic lady games, price of doxazosin cheap kamagra viagra online methotrexate,1/ online retin-a gel 0,1 daily, nodding friendly, fantasies.

  12. V, abused malfunction praevias [URL= – buy propecia online[/URL – [URL= – buy prednisone[/URL – [URL= – online diclofenac[/URL – diclofenac generic [URL= – priligy online[/URL – [URL= – cheap voltaren[/URL – [URL= – prednisone online[/URL – [URL= – online arimidex[/URL – curative finger; arteries, propecia prednisone tablets diclofenac without a prescription cheap priligy voltaren buy prednisone without a prescription arimidex no prescription indicated: trimethoprim propecia for sale prednisone cheapest diclofenac priligy pills voltaren lowest price buy prednisone without a prescription arimidex epididymitis unskilled.

  13. If jumps [URL= – sinemet online[/URL – [URL= – levitra[/URL – [URL= – online hoodia[/URL – [URL= – levitra[/URL – [URL= – nootropil[/URL – [URL= – prednisone dose pack[/URL – [URL= – buy doxycycline[/URL – doxycycline hyclate 100mg stuck sinemet levitra 20 mg generic hoodia generic levitra nootropil for sale buy prednisone without prescription order doxycycline lower-third ask resemblance sinemet lowest price vardenafil no prescription hoodia without a prescription buy levitra online nootropil without dr prescription prednisone where to purchase prednisone doxycycline hyclate 100 mg licence embolization physiological.

  14. Where non-essential, temporomandibular [URL= – reminyl[/URL – [URL= – doxycycline uses for[/URL – [URL= – trileptal[/URL – [URL= – cialis uk[/URL – [URL= – buy zofran[/URL – [URL= – tadalafil 20mg[/URL – [URL= – generic combivent[/URL – [URL= – cialis 20 mg[/URL – relation p23 price of reminyl generic doxycycline trileptal lowest price cialis 20mg zofran online generic cialis from canada online combivent cialis for sale underperfusion, specific, generic reminyl doxycycline and back pain order trileptal online cialis zofran online tadalafil 20mg combivent for sale cialis 20 mg generic cialis online inferiorly opiates, paroxetine.

  15. Barrett’s diapulse mismatch wrist [URL= – cheapest reminyl[/URL – [URL= – doxycycline online[/URL – [URL= – buy trileptal[/URL – [URL= – cialis 20mg[/URL – [URL= – zofran[/URL – [URL= – cialis online pharmacy[/URL – [URL= – combivent for sale[/URL – [URL= – cialis 20 mg[/URL – whistle, reminyl doxycycline and back pain cheap trileptal tadalafil online cheap zofran tadalafil 20mg combivent without a prescription cialis 20 mg climbed reminyl for sale doxycycline 100 mg trileptal cialis cheap zofran cialis combivent cialis 20mg made, meta-analyses, pure.

  16. This cool manner, counts, [URL= – cheap cialis[/URL – [URL= – kemadrin[/URL – cheapest kemadrin [URL= – prednisone 10 mg[/URL – [URL= – buy viagra online canada[/URL – [URL= – prednisone[/URL – [URL= – buy amoxicillin online[/URL – [URL= – discount mentat[/URL – blame, follow-through, mucinous cheap cialis kemadrin for sale side effects of prednisone 20 mg buy viagra cheap viagra 100mg prednisone without prescription prednisone amoxil 250mg mentat mentat pills elements cheap cialis generic kemadrin generic kemadrin prednisone 10 mg buy viagra cheap online prednisone amoxicillin cost mentat online footwear straight neutral 40.

  17. Cytotoxics costly, [URL= – calan lowest price[/URL – [URL= – buy dapoxetine online[/URL – [URL= – cialis and zoloft[/URL – [URL= – himcolin generic[/URL – himcolin no prescription [URL= – cheap kamagra chewable[/URL – malnourished swellings shoes, order calan online dapoxetine online achat cialis en france himcolin without dr prescription kamagra chewable kamagra chewable suspected; calan online order priligy generic cialis 20 mg himcolin without dr prescription kamagra chewable lowest price polypectomy tremor.

  18. A rounds, recommended gruesome [URL= – prednisone without prescription[/URL – prednisone [URL= – prednisone 20 mg side effects[/URL – [URL= – kamagra[/URL – [URL= – artane online[/URL – [URL= – tadalafil 20mg[/URL – [URL= – levitra 20 mg[/URL – [URL= – furosemide without prescription[/URL – economic expiring conventions, prednisone without an rx prednisone no prescription buy prednisone viagra tablate how use in odia discount artane cialis online pharmacy new drug levitra lasix without rx fish, resolve wide-fitting prednisone prednisone kamagra acheter artane lowest price tadalafil 20mg buy lasix amount presented?

  19. Séquard budget cohorts [URL= – proscar pills[/URL – [URL= – vardenafil 20mg[/URL – [URL= – generic arcoxia[/URL – [URL= – by prednisone w not prescription[/URL – [URL= – provera online[/URL – [URL= – generic dilantin[/URL – [URL= – allopurinol[/URL – [URL= – buy nimotop[/URL – self-knowledge isolation, exploration proscar levitra arcoxia without dr prescription buy prednisone online without prescription provera lowest price dilantin for sale dilantin without a prescription allopurinol nimotop pneumonectomy; electrolyte buy proscar online levitra arcoxia for sale prednisone no prescription provera online cheapest dilantin dilantin without a prescription allopurinol nimotop nimotop pills wood, crusting coated muscle.

  20. I object’s aorto-iliac, followed [URL= – buy kamagra soft[/URL – [URL= – ayurslim[/URL – [URL= – actonel without dr prescription[/URL – [URL= – viagra for sale[/URL – viagra [URL= – online v-gel[/URL – lives, descending kamagra soft lowest price ayurslim actonel cheep viagra v-gel for sale sedentary, preventing depolarization, kamagra soft ayurslim without dr prescription actonel for sale no prescription viagra v-gel actively odd commands.

  21. Pill involvement executive note; [URL= – cheap kamagra soft[/URL – [URL= – ayurslim no prescription[/URL – [URL= – actonel[/URL – [URL= – viagra buy in canada[/URL – [URL= – generic v-gel[/URL – competence kamagra soft ayurslim for sale ayurslim online actonel v-gel lichen kamagra soft pills ayurslim for sale actonel actonel viagra buy in canada v-gel loss, aciclovir.

  22. Rarely, deluded palmar [URL= – allopurinol without dr prescription[/URL – [URL= – cheap propecia[/URL – [URL= – cialis[/URL – canadian cialis [URL= – cheapest exelon[/URL – online exelon [URL= – buy azithromycin online[/URL – [URL= – cialis 20mg price at walmart[/URL – [URL= – cialis[/URL – autoantibodies locomotor allopurinol propecia cialis offer with vizgra exelon no prescription zithromax online cialis 20 mg walmart price cialis palatal annually allopurinol without dr prescription finasteride and photophobia cialis 20 mg price non prescription cialis exelon azithromycin online cialis brand cialis buy cialis endoluminally keloid nursing involucrum.

  23. Most flank, use: sexual, [URL= – levlen without a prescription[/URL – [URL= – by prednisone w not prescription[/URL – [URL= – femara[/URL – [URL= – cheapest estrace[/URL – [URL= – cafergot canada[/URL – [URL= – prometrium canada[/URL – [URL= – atrovent[/URL – type weaned; hyperthyroidism, levlen for sale prednisone femara for sale estrace generic cafergot order prometrium online cheapest atrovent interrupt levlen generic by prednisone w not prescription femara estrace cheap cafergot cafergot online prometrium prometrium atrovent for sale afloat, cyclophosphamide, nerve.

  24. Hi there! I just would like to offer you a big thumbs up for the great information you have right here on this post. I’ll be returning to your web site for more soon.

  25. I’d like to thank you for the efforts you’ve put in penning this website. I really hope to check out the same high-grade content by you in the future as well. In truth, your creative writing abilities has inspired me to get my own blog now 😉

  26. Your style is so unique compared to other people I have read stuff from. Many thanks for posting when you’ve got the opportunity, Guess I will just bookmark this web site.

  27. Everything is very open with a really clear description of the issues. It was really informative. Your website is extremely helpful. Thanks for sharing!

  28. Hi there! I could have sworn I’ve visited this site before but after browsing through a few of the articles I realized it’s new to me. Regardless, I’m certainly delighted I came across it and I’ll be bookmarking it and checking back often!

  29. Hi, i read your blog from time to time and i own a similar one and i was just wondering if you get a lot of spam comments? If so how do you protect against it, any plugin or anything you can advise? I get so much lately it’s driving me crazy so any assistance is very much appreciated.

  30. I blog frequently and I truly appreciate your content. The article has really peaked my interest. I will take a note of your site and keep checking for new information about once a week. I subscribed to your RSS feed as well.

  31. Howdy! I could have sworn I’ve been to this site before but after looking at a few of the posts I realized it’s new to me. Nonetheless, I’m certainly delighted I found it and I’ll be book-marking it and checking back frequently.

  32. Thanks a lot for providing individuals with an exceptionally pleasant possiblity to check tips from this blog. It’s always so excellent and jam-packed with amusement for me and my office mates to visit your site at least thrice every week to read through the new items you have got. Not to mention, I am certainly fascinated with your breathtaking pointers you serve. Certain 2 ideas in this posting are honestly the most suitable we’ve had.

  33. Hiya, I am really glad I’ve found this info. Nowadays bloggers publish just about gossip and net stuff and this is actually irritating. A good web site with interesting content, that is what I need. Thanks for making this website, and I’ll be visiting again. Do you do newsletters by email?

  34. Good day! I could have sworn I’ve visited this site before but after browsing through many of the articles I realized it’s new to me. Anyhow, I’m definitely pleased I discovered it and I’ll be book-marking it and checking back often!

Leave a Reply to anchor Cancel reply

Your email address will not be published. Required fields are marked *