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PPF
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PPF is a popular long-term savings scheme backed by the government. It helps people build a savings fund while enjoying tax benefits under the applicable rules.
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A Public Provident Fund (PPF) is one of the most tax-friendly savings instruments. While PPF ensures a guaranteed return on your investment corpus, you can also use it as a backup mortgage if you need emergency money.
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How many PPF accounts can you have in your family other than your own? Explained
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You can open one PPF account in your own name and another for your child.
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A PPF account requires a minimum deposit of Rs 500 every financial year to remain active.
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As per the rules, NRIs cannot extend or continue their PPF account after it matures.
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PPF is a government-backed savings scheme for long-term financial planning, offering tax benefits, guaranteed returns, and a 15-year lock-in period. The interest rates are decided by the government, while contributions range from Rs 500 to Rs 1.5 lakh a year. Deposits can be made either in a lump sum or in instalments.
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Interest rates applicable to various small savings schemes for the quarter starting October 1, 2026, and ending December 31, 2026, will remain the same as those notified for the July-September quarter.
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