It is a 15 years scheme, Minimum deposit per year is Rs.500/- and maximum is Rs. 1,00,000/- Interest is 8.8 % compounded, withdrawl is permitted after 4 year-50% of the balance amount at the end of 3rd year.Withdrawl is tax exempted and even maturity amount after 15 % years is full tax proof, the real beautiful thing is this cannot be court attached

At the end of 15Years you can close the account or can extend for another 5 years

1. PPF is an investment scheme run by post office for a definite period.
2. It gives you amount of principal along with interest thereon (currently at 9% p.a.) at the end of maturity.
3. you can claim deductiion of upto an investment of Rs 100000/- u/s 80C when you file your income tax return.

Duration 15 years
Min.dep. Rs.100 p.a.
Tax benefit about 70,000 per annum
Govt. Scheme, so guaranteed
Account can be opened at State Bank of India { conducting govt. business}
Interest rate maximum
Can withdrawn half of the balance amount at the end end of the 5 th financial year of opening your a/c
No estate duty is payable for the gains from the maturity of this account.

It's just like any other Provident Fund scheme, but open to public also in all post offices as part of social securities...!

Long terms investment with tenure of 15 years extendable to addl 5 years.
Attractive rate of interest. Presently 8.8%
All returns are Tax Free
One time withdrawl upto 50% of deposits and interest earned in first five year possible in sixth year.
Loan can also be availed
Minimum subscription of Rs 500 per year. Max is Rs 1 Lakh
Investments qualifies for tax relief under section 80C

Nothing special....in end of a year u ll get 9% interest on ur funds