Public Provident fund (PPF) is one of most popular and widely used savings scheme in India. It comes under a EEE category which means - 1) deposits are exempt from income tax under section 80C, 2) interest is exempt from income tax, and 3) On maturity, total amount received is exempt from income tax.
| Current Interest rate | 8.0% (since Oct 1, 2016) |
| Duration of scheme | 15 years (and extendable in blocks of 5 years after that) |
| Minimum deposit amount (per year) | 500 |
| Maximum deposit amount (per year) | 150000 |
| Lock-in period | 15 years (partial withdrawals and loans allowed) |
| Tax Status | Principal and Interest both exempt from tax |
