₹ Money and subsidies · Central scheme

Public Provident Fund (PPF)

Public Provident Fund (PPF) is a central government scheme run by the Ministry of Finance (post offices and banks). A 15-year government savings account with tax-free interest. Deposit ₹500 to ₹1.5 lakh a year. Who qualifies: Any resident Indian, one account per person. Applying is free on indiapost.gov.in.

Last updated: Reviewed by IndiaDigital editorsSources

You getSee benefit below
WhereAll India (central government)
Run byMinistry of Finance (post offices and banks)
Last checked30 October 2026

What do you get under PPF?

A 15-year government savings account with tax-free interest. Deposit ₹500 to ₹1.5 lakh a year.

The interest rate is set every quarter.

Who is eligible for PPF?

  • Any resident Indian, one account per person.

Documents needed for PPF

0 of 3 ready

Offices may ask for more. Check the official list before you go.

How to apply for PPF

  1. Open at any post office or authorised bank, or online through your bank.

Go to the official site ↗

Common questions

Who is eligible for PPF?

Any resident Indian, one account per person.

How much do I get under PPF?

A 15-year government savings account with tax-free interest. Deposit ₹500 to ₹1.5 lakh a year. The interest rate is set every quarter.

What documents do I need for PPF?

Aadhaar card (linked to your mobile number); PAN card; Passport-size photo.

How do I apply for PPF?

Open at any post office or authorised bank, or online through your bank. Official site: https://www.indiapost.gov.in/

Do I have to pay anyone to apply for PPF?

No. Applying for a government scheme is free on the official portal, and at Common Service Centres you pay only the notified service fee, if any. Never pay an agent who promises approval.

Official sources

Last checked 30 October 2026; next review by 30 April 2027. Rules and amounts change, so confirm on the official site before you apply. IndiaDigital is independent and not a government site.

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