1. The minimum investment in a PPF account per year is Rs 500 and maximum is Rs 1.5 lakh.
2. Maturity is at 15 years but can be extended by a period of 5 years. One can take loans and partially withdraw up to 50% of the amount at the end of fourth year.
3. Interest is accumulated at the rate of 7.1% (current quarter) and is exempt from tax.
4. Sec 80C benefit for up to Rs 1.5 lakh is available.
5. Joint accounts are not permitted in case of PPF.
“Content on this page is courtesy Centre for Investment Education and Learning (CIEL). Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.)”
