1.   Duration

15 years

2.   Rate of Interest

8.0 % per annum.

3.   Where to invest ?

any head post office/Selection grade sub post office and approved nationalised  banks.

4.   Who can invest ?

(i).   An individual (Above 18 years)

(ii).   A guardian on behalf of a minor.

5.   How much to invest ?

Minimum - Rs. 500/-

Maximum - Rs. 70,000/- in a financial year.

6.    Withdrawals

Loan :- From 3rd year to 6th year upto 25% of the amount available in the preceeding second year.

Final :-

(i). One withdrawal during any one year at any time after 6 year.

(ii). The amount of withdrawal is limited to 50% of the balance at credit at the end of 4th year immediately preceding the year in which the amount is withdrawn or at the end of the preceding year whichever is lower.

7.   Nomination facility

Available

8.  Tax benefits

 (i)   Rebate on investment U/S 80C of I.T. Act 1961

(ii).   Interest income fully expemted from income tax.

(iii). Balance held in the P.P.F. account is completely free from wealth Tax.

9. Other benefits

The balances in the account cannot be  attached by any authority normally.

10. Extension of account

Account may be extended for any block period of five years