What is Public Provident Fund?

It is a government-linked low risk investment option
It is a way of building a retirement fund as a working professional/ a job holder.

You can get a loan on your PPF between the 3rd and the 6th year of opening the PPF account.

The first loan can be taken on 25% of the total amount in your PPF account.

You are given three years to repay the loan.

Consider the following to better understand how PPF works:

Amount needed to open PPF	Minimum ₹1000, maximum ₹1.5 lakh
Rate of interest	7.1%
Lock- in period	15 years, extendable to 5 more. Partial Withdrawal allowed after 7 years.

To know How to get Public Provident Fund account, go to the next chapter