PPF: Eligibility, tax benefits, rules – All you need to know
Updated : February 06, 2019 04:33 PM IST
An individual can invest in a PPF scheme either through a bank or a post office. The scheme has a lock-in period of 15 years and can be extended by 5 years at a time.
An individual can invest as low as Rs 500 to a maximum of Rs 1,50,000 in a fiscal year to their PPF account. The contributions can either be made in a lumpsum or in 12 installments.
A partial withdrawal each year from the PPF account can be made from the seventh year of opening the account, which is tax free. A PPF account comes with the maturity of 15 years.