Public Provident Fund (PPF) [Tax Free Savings] 2026 - Eligibility & Benefits

Public Provident Fund (PPF) [Tax Free Savings]

Active Scheme

Last updated: 2026-01-18. Always verify on the official portal before applying.

A government-backed long-term savings scheme. It is one of the safest investments in India with a 15-year lock-in. The interest earned and the final amount are 100% tax-free. It is ideal for retirement planning and tax saving under Section 80C.

💰 Benefits

Tax Free: Interest and Maturity amount are fully tax-exempt (EEE status).
Tax Saving: Deposit amount up to ₹1.5 Lakh is deductible under Section 80C.
Interest Rate: Currently approx 7.1% (reviewed quarterly).
Safety: 100% Government guarantee on your money.
Loan Facility: Available against your balance from the 3rd year.

✅ Who Can Apply?

Any Indian Citizen can open an account.
Parents can open an account for a Minor.
NRIs cannot open new accounts.
Only one account per person is allowed.

📝 How to Apply?

1Step 1: Visit any Post Office or authorized bank (SBI, HDFC, etc.).
2Step 2: Fill Form-1 and submit with KYC documents.
3Step 3: Deposit a minimum of ₹500 (Cash/Cheque).
4Step 4: Get your Passbook.
5Step 5: You can also open it online via Net Banking if you are an existing bank customer.

Official Website

Visit the government portal to apply or check status.

Go to Official Portal

Questions About Public Provident Fund (PPF) [Tax Free Savings]

Public Provident Fund (PPF) [Tax Free Savings]

Active Scheme

Last updated: 2026-01-18. Always verify on the official portal before applying.

💰 Benefits

Tax Free: Interest and Maturity amount are fully tax-exempt (EEE status).
Tax Saving: Deposit amount up to ₹1.5 Lakh is deductible under Section 80C.
Interest Rate: Currently approx 7.1% (reviewed quarterly).
Safety: 100% Government guarantee on your money.
Loan Facility: Available against your balance from the 3rd year.

✅ Who Can Apply?

Any Indian Citizen can open an account.
Parents can open an account for a Minor.
NRIs cannot open new accounts.
Only one account per person is allowed.

📝 How to Apply?

1Step 1: Visit any Post Office or authorized bank (SBI, HDFC, etc.).
2Step 2: Fill Form-1 and submit with KYC documents.
3Step 3: Deposit a minimum of ₹500 (Cash/Cheque).
4Step 4: Get your Passbook.
5Step 5: You can also open it online via Net Banking if you are an existing bank customer.

Official Website

Visit the government portal to apply or check status.

Go to Official Portal

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Agriculture Scientist

Leh Ladakh - Land of High Passes

Rishikesh - Yoga Capital

Ladakh - Land of High Passes

Spiti Valley - Cold Desert

Public Provident Fund (PPF) [Tax Free Savings]

Active Scheme

💰 Benefits

✅ Who Can Apply?

📝 How to Apply?

Official Website

Questions About Public Provident Fund (PPF) [Tax Free Savings]

What is the lock-in period for a Public Provident Fund (PPF) account?

Is the interest earned on PPF taxable?

What is the minimum and maximum deposit in PPF?

Can I withdraw money from PPF before 15 years?

Can I open a PPF account online?

Public Provident Fund (PPF) [Tax Free Savings]

Active Scheme

💰 Benefits

✅ Who Can Apply?

📝 How to Apply?

Official Website

Questions About Public Provident Fund (PPF) [Tax Free Savings]

What is the lock-in period for a Public Provident Fund (PPF) account?

Is the interest earned on PPF taxable?

What is the minimum and maximum deposit in PPF?

Can I withdraw money from PPF before 15 years?

Can I open a PPF account online?