15 year Public Provident Fund Account

Interest payable, Rates, Periodicity etc.

• 8.80% per annum   w.e.f. 01.04.2012
   

Investment limits and Denominations

• Minimum INR. 500/-
• Maximum INR. 1,00,000/- in a financial year.
• Deposits can be made in lumpsum or in 12 installments.

Salient features including Tax Rebate

1. Deposits qualify for deduction from income under Sec. 80C of IT Act.
2. Interest is completely tax-free.
3. Withdrawal is permissible every year from 7th financial year.
4. Loan facility available from 3rd Financial year.
5. No attachment under court decree order.