Public Provident Fund (PPF)

You have to open a PPF account with a bank . Not all banks are designated to accept PPF deposits. State Bank of India provides this service

Tax saving investment options

Tax Benefit up to Rs. 1,50,000 available per financial year.

Contributions up to Rs. 1,50,000 are exempted u/s 80C.


There is no risk since the investment is guaranteed by Government of India. This balance cannot be attached by any authority


Can be made from the start of the 7th financial year. Banks provide loans against PPF deposit

Complete withdrawal done only at maturity i.e. after 15 yrs.


Tax rebate of 30% on investment. Rate of interest is 7% ( currently) In recent past government is revising it down ward

Just for information

Advisable to start PPF account of age 5 children so that sizeable fund available for children's higher studies. Compounding interest doubles the investment every 7-8 years