PPF Account Benefits & Rules

Frequently Asked Questions

<b>1. Who can open a PPF account?

Any Indian resident individual, including minors through a guardian, can open a PPF account.

<b>2. What is the interest rate on PPF?

The government sets the interest rate quarterly, and it is compounded annually.

<b>3. Can I withdraw from PPF before maturity?

Partial withdrawals are allowed from the 7th year; full withdrawal is allowed at maturity.

<b>4. Are contributions tax-deductible?

Yes, contributions up to ₹1.5 lakh per year qualify for deduction under Section 80C.

<b>5. Can PPF accounts be extended after 15 years?

Yes, the account can be extended in 5-year blocks indefinitely.