Public Provident Fund - Features, tax benefits and how to calculate it

Public Provident Fund or PPF is one of the most popular investment schemes that assist with long-term and retirement corpus creation. Here are five things you should know about it:

1. You can invest as little as ₹500 and as much as ₹150,000 per annum, in instalments or as a lump sum.

2. PPF comes under Section 80C of the IT Act which permits tax deductions of up to ₹150,000 per annum. The deposit amount, interest earned and maturity amount are entirely tax-exempted.

3. PPF has a lock-in period of 15 years, and you can extend the investment in blocks of 5 years.

4. You can earn attractive interest rates which are revised each quarter and make partial withdrawals after completing 6 years of investments.

5. You can open PPF accounts through banks (online and offline) or post-offices.

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