![]() ![]() There is no restriction on the number of instalments per financial year. The deposit can be made in a lump sum or in instalments. You can make a deposit to a PPF account ranging from Rs.500 up to Rs.1.5 lakh per financial year. The account tenure is 15 years and the lock-in period for the account is 15 years. How does the PPF account work?Ī PPF account can be opened by an adult for self or on behalf of a minor. The interest is calculated on the lowest balance between the close of the fifth day and the last day of every month.įurther, use our PPF calculator to figure out the returns you can expect on investing a certain amount in a PPF account. The Finance Ministry set the interest rate every year, which is paid on 31st March. The current PPF interest rate is 7.1% p.a.
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