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gptkbp:instanceOf
|
savings scheme
|
|
gptkbp:abbreviation
|
gptkb:PPF
|
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gptkbp:administeredBy
|
gptkb:Ministry_of_Finance,_India
|
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gptkbp:benefit
|
gptkb:Section_80C_of_Income_Tax_Act,_1961
tax-free interest
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gptkbp:country
|
gptkb:India
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gptkbp:eligibility
|
gptkb:NRIs
gptkb:HUFs_(since_2005)
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gptkbp:eligiblePersons
|
resident individuals
|
|
gptkbp:firstReleased
|
1968
|
|
gptkbp:frequency
|
monthly
yearly
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
Public Provident Fund
|
|
gptkbp:launched
|
gptkb:Government_of_India
|
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gptkbp:lockInPeriod
|
15 years
|
|
gptkbp:mainInterest
|
compounded annually
varies quarterly
|
|
gptkbp:maturityExtension
|
in blocks of 5 years
|
|
gptkbp:maximumLoanAmount
|
available from 3rd to 6th year
₹1.5 lakh per year
|
|
gptkbp:minimumInvestment
|
₹500 per year
|
|
gptkbp:nominationFacility
|
available
|
|
gptkbp:partialWithdrawal
|
allowed from 7th year
|
|
gptkbp:prematureClosure
|
allowed under specific conditions
|
|
gptkbp:purpose
|
retirement planning
long-term savings
|
|
gptkbp:targetUser
|
single
minor (with guardian)
|
|
gptkbp:transferredTo
|
between banks and post offices
|
|
gptkbp:bfsParent
|
gptkb:Ministry_of_Finance_(India)
gptkb:India_Post
|
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gptkbp:bfsLayer
|
6
|