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How to Open PPF Account at Bank/Post Office 2026

Open PPF account at bank/post office. 7.10% tax-free. Max ₹1.5L/year, 15-year tenure.

📁 Banking ⏱️ 20-30 mins 💰 Min ₹500

About This Guide

PPF government-backed long-term savings. Current 7.10%. EEE tax: investment, interest, withdrawal all tax-free. Min ₹500, max ₹1.5L per year. 15-year lock-in (extendable 5 years). Section 80C deduction.

Eligibility Criteria

Indian resident only (NRIs ineligible)
Any age (parents for minor)
One PPF per individual
Maximum 2 per family with spouse
HUF accounts not allowed

Documents Required

Keep these documents ready before starting application. Missing documents = delayed approval.

Aadhaar
PAN
Address proof
Photographs
Filled PPF Form A
Initial deposit ₹500
Bank account details

Step-by-Step Application Process

Follow these steps in order. Each step is critical - skip none.

Choose Bank/PO

Post offices, PSU banks, private banks.

Visit Branch

Aadhaar, PAN, address proof, photos.

Get Form A

Account Opening Form.

Fill Carefully

Name, DOB, address, mobile, nominee.

Initial Deposit

Min ₹500. Cash/cheque/online.

Submit Documents

Self-attested copies.

Get Passbook

Account opened in 15 mins (PO) to 1-2 days (banks).

Set Auto-Debit

Standing instruction or NACH.

Online Access

Most banks offer net banking PPF.

Key Benefits

7.10% guaranteed
EEE - all tax-free
Section 80C ₹1.5L
15-year (extendable 5 yrs)
Loan from 3rd-6th year
Partial withdrawal from 7th year
Govt-backed zero risk

What Happens After Application?

Annual deposits ₹500-₹1.5L for 15 years. Loan from 3rd year, partial withdrawal 7th year. At 15 years, full maturity OR extend 5 years.

Frequently Asked Questions

Best deposit timing?

Before April 5 each year. Lump sum on April 1 ideal for max interest.

NRI?

No new account. Existing PPF continues till maturity.