Question 1

What is PPF?

Accepted Answer

PPF (Public Provident Fund) is a long-term savings scheme backed by the Government of India that offers tax benefits under Section 80C and a guaranteed, tax-free return.

Question 2

What is the current PPF interest rate?

Accepted Answer

The PPF interest rate is revised quarterly by the government. As of 2024-25, the rate is 7.1% per annum, compounded annually.

Question 3

What is the lock-in period for PPF?

Accepted Answer

PPF has a lock-in period of 15 years. Partial withdrawals are allowed from the 7th financial year onwards, and the account can be extended in blocks of 5 years after maturity.