• 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 period is 15 years but the same can be extended within one year of maturity for further 5 years and so on.
• 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.

​Interest payable, Rates, Periodicity etc.

​From 1.01.2018, interest rates are as follows:-

• 7.6​% per annum (compounded yearly).
Minimum Amount for opening of account and maximum balance that can be retained

Minimum INR. 500/- Maximum INR. 1,50,000/- in a financial year.
Deposits can be made in lump-sum or in 12 installments.