Securing Hannav Ledger...
Securing Hannav Ledger...
Glossary
Public Provident Fund is a government-backed long-term savings scheme offering tax benefits and guaranteed interest, with 15-year initial tenure.
PPF is a safe 15-year savings account with tax-free returns — popular for retirement and child education goals in India.
Interest rate quarterly linked to government bond yields. Annual deposit limit ₹1.5 lakh qualifies for Section 80C. EEE status — exempt on investment, interest, and maturity. Extend in 5-year blocks after maturity. Loan and partial withdrawal from year 3 and 7 respectively.
Deposit ₹1.5 lakh annually for 15 years at 7.1% yields roughly ₹40 lakh tax-free at maturity — effective for conservative retirement bucket.
Yes. Minor PPF account operated by guardian counts toward guardian's ₹1.5 lakh combined limit unless child has own income.
PPF offers safety and tax-free maturity with 15-year lock-in. ELSS offers equity growth potential with 3-year lock-in but market risk.
Account stays active with ₹500 minimum revival penalty. Missing years reduce compounding benefit but do not close account automatically.