Wednesday, 26 April 2017


Ø  Interest rate of 7.9% per annum w.e.f. 01-04-2017
Ø  Minimum deposit is 500/- per annum. Maximum deposit is Rs. 1,50,000/- per annum
Ø  The scheme is for 15 years.
Ø  Investment up to Rs 1, 50,000/- per annum qualifies for Income Tax Rebate under section 80C of IT Act.
Ø  Interest is completely tax-free.
Ø  Deposits can be made in lump sum or in 12 installments.
Ø  One deposit with a minimum amount of Rs 500/- is mandatory in each financial year.
Ø  Withdrawal is permissible from 6th financial year.
Ø  Loan facility available from 3rd financial year up to 5th financial year. The rate of interest charged on loan taken by the subscriber of a PPF account on or after 01.12.2011 shall be 2% p.a. However, the rate of interest of 1% p.a. shall continue to be charged on the loans already taken or taken up to 30.11.2011.
Ø  Free from court attachment.
Ø  Non-Resident Indians (NRIs) not eligible.
Ø  An individual cannot invest on behalf of HUF (Hindu Undivided Family) or Association of persons.
Ø  Ideal investment option for both salaried as well as self-employed classes.

Micro, Small and Medium Enterprises (MSMEs)

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Sukanya Samriddhi Account (सुकन्या समृद्धि योजना)

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