Public Provident Funds are long-term savings and investment accounts

Public Provident Fund account offers tax dedu-ctions under Section 80C

PPF is a popular scheme for building a lumpsum retirement corpus

PPF accounts can be opened at leading Banks and Post Offices

An individual can deposit Rs 500 to Rs 1.5 lakhs per year in PPF

The current PPF interest rate is 7.10 percent

You can deposit money into your PPF account once a month

PPF accounts have a minimum tenure of 15 years

The PPF account can be extended in blocks of five years after it matures

PPF accounts are opened by submitting Form 1 instead of Form A

Use Form-4 instead of Form H to extend a PPF account after maturity

You can take out a loan against your PPF balance

The loan amount is 25% of the total PPF balance

Rates on the PPF loan amount have been lowered to 1% per year

Under new PPF rules, you must repay your loans within 36 months

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