|Minimum And Maximum Amount that can be deposited?
Minimum amount of Rs. 500 and Maximum amount Rs. 1,50,000/- be deposited in a year.
Number of subscription in a year
The subscription in multiples of Rs. 5 may, for any year, be paid into the account in one lump sum.
In Installments not exceeding twelve in a year.
If fails to deposit amount in any year
A subscriber who fails to subscribe in any year according to the limits of minimum amount, may approach the Accounts Office for condonation of the default, on payment, for each year of default, a fee of Rs. 50 alongwith arrear subscription of Rs. 500 for each year.
Transfer of PPF Account?
A subscriber may apply for transfer of his account from one "Account Office" to another "Account Office" designated for this purpose.
Withdrawals from the PPF Account
Any time after the expiry of five years from the end of the year in which the initial subscription was made.
A subscriber may, if he so desires, apply in Form C or as near thereto as possible, together with his pass book for withdrawing from the balance to his credit.
An amount not exceeding fifty per cent of the amount that stood to his credit at the end of the forth year immediately preceding the year of withdrawal or at the end of preceding year, whichever is lower, less the amount of loan, if any, which remains to be repaid.
Provided that not more than one withdrawal shall be permissible during any one year.
Closure of account
Any time after the expiry of 15 years from the end of the year in which the initial subscription was made by him, a subscriber may, if he so desires, apply in
Form C, near thereto as possible together with pass book.
Continuation of account after maturity
On the expiry of 15 years from the end of the year in which the initial subscription was made but before then expiry of one year thereafter, may exercise an option with the Accounts Office in Form H, or as near thereto as possible, that he would continue to subscribe for a further block period of 5 years.
Loan against PPF Account
Any time after the expiry of one year from the end of the year in which the
initial subscription was made but before expiry of five years from the end of the year in which the initial subscription was made.
A subscriber may, he so desires, apply in Form D or as near thereto as possible, together with his pass book for obtaining loan not exceeding twenty five percent of amount that stood to his credit to at the ends of the second year immediately preceding the year in which the loan is applied for.
Loan in Minor Child's account
Where the application is made by a person who has made subscriptions to the Fund on behalf of a minor of whom he is the guardian, he shall furnish a certificate in the following form to get loan as above, namely:-
Repayment of loan and interest
The principal amount of a loan under this Scheme shall be repaid by the subscriber before the expiry of thirty six months from the first day of the month following the month in which then loan is sanctioned.
The interest on loan amount is plus 2% per annum against the prevailing interest rates.
Nomination and repayment after death
subscriber to the fund may nominate in Form E or, as near thereto as possible, one or more persons to receive the amount stading to his credit in the event of his death before the amount has become payable or, having become payable,has not been paid.
No Nomination shall be made in respect of an account opened on
behalf of minor
Rate of Interest payable in PPF Account?
Interest at the rate, notified by the Central Government in official gazette from time to time, shall be allowed for calendar month on the lowest balance at credit of an account between the close of the fifth day and the end of the month and shall be credited to the account at the end of each year.
Provided that where the interest to be credited contains a part of a rupee. Then, if such part is fifty paise or more, it shall be increased to one complete rupee, and if such part is less than fifty paise, it shall be ignored.
Public provident fund (PPF) will earn an interest of 7.6% w.e.f. 01.01.2018.
PPF Interest Rates Over a Period of Time from April-1986
| Period || Rate
|01.04.1986 to 14.01.2000|| 12%
|15.01.2000 to 28.02.2001|| 11%
|01.03.2001 to 28.02.2002|| 9.5%
|01.03.2002 to 28.02.2003|| 9%
|01.03.2003 to 30.11.2011|| 8%
|01.12.2011 to 31.03.2012||8.6%
|01.04.2012 to 31.03.2013|| 8.8%
| 01.04.2013 onward|| 8.7%
| 01.04.2016 onward|| 8.1%
| 01.10.2016 onward|| 8.0%
| 01.04.2017 onward|| 7.9%
| 01.07.2017 onward|| 7.8%
| 01.01.2018 onward|| 7.6%