• From 1.4.2016, interest rates are as follows:- 8.10% per annum (compounded yearly).


• Minimum INR. 500/- Maximum INR. 1,50,000/- in a financial year.


• Deposits can be made in lump-sum or in 12 installments.


• An individual can open account with INR 100/- but has to deposit minimum of INR 500/- in a financial year and maximum INR 1,50,000/-.


• Joint account cannot be opened.


• Account can be opened by cash/cheque and In case of cheque, the date of realization of cheque in Govt. account shall be date of opening of account.


• Nomination facility is available at the time of opening and also after opening of account. Account can be transferred from one post office to another.


• The subscriber can open another account in the name of minors but subject to maximum investment limit by adding balance in all accounts.


• Maturity value can be retained without extension and without further deposits also.


• Premature closure is not allowed before 15 years.


• Deposits qualify for deduction from income under Sec. 80C of IT Act.


• Interest is completely tax-free.


• Withdrawal is permissible every year from 7th financial year from the year of opening account.


•  Loan facility available from 3rd financial year.


• No attachment under court decree order.


• The PPF account can be opened in a Post Office which is Double handed and above.


1. After one year but before 2 years on deduction of 1 ½ % of the deposit.
2. After 2 years but before date of maturity on deduction of 1% of the deposit.