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Home You are here : path  Products path Personal path PublicPF


Eligibility for opening account:
  • The Scheme is open to individual and account can also be opened on behalf of minor child as natural / legal guardian.
  • Only one account can be opened in one name. If two accounts in same name are opened by mistake, second account shall be treated as irregular and will not carry any interest amount.

Authorised Branches:

  • All branches are now authorised to open PPF accounts


  • Minimum amount of Rs. 500/- and maximum Rs. 150000/- in a financial year


  • Minimum period is 15 years and can be extended in a block of 5 years

Rate of Interest:

Withdrawal from the fund:

  • Partial withdrawals are allowed anytime after the expiry of 5 years from the end of the year in which initial subscription was made. In case of medical emergency / serious ailment / critical illness or higher education of minor child, change of residency status, account can be closed after 5 years (Valid documents / Proof to be submitted)


  • Anytime after the expiry of one year from the end of year in which initial subscription was made but before the expiry of 5 years from the end of the year in which initial subscription was made, a loan of 25% of the credit balance at the end of the second year immediately preceding the year in which the loan is applied may be availed of by the subscriber

Tax Concessions :

  • Deposits in the account are exempted under section 80C of Income Tax Act