PPF

• Can be invested by an individual (above 18 years) or a guardian on behalf of a minor.
• From 3rd year to 6th year, up to 25% of the amount available as loan in the preceding second year. After 6 years, one withdrawal is allowed during a year.
• Rebate on investment U/S 80C of the Income Tax Act 1961.
• Interest income fully exempted from Income Tax.
• Balance held in the PPF account is completely free from Wealth Tax.
• Account may be extended for any block period of five years.