Suitable for

Secure and tax-free growth

  • Power of compounding for growth

Important things to know

  • Tax-free interest

    The interest earned on PPF investments is completely tax-free.

  • 15-year lock-in period

    PPF has a mandatory 15-year lock-in period.

  • Minimum investment

    Investments start from just ₹500 per year.

  • Annual contribution limit

    The maximum annual contribution is ₹1.5 lakh.

  • No premature withdrawal

    You can only withdraw after the completion of 5 full financial years of investment. 

  • Loan Against PPF

    You can avail of a loan against your PPF balance between the 3rd and 6th years.

How to apply?

About PPF

Returns with safety

Enjoy annual returns of 7.1% on your investment, compounded annually. The interest earned is completely tax-free, making it a secure and profitable long-term saving option.

Tax benefits

Contribute up to ₹1.5 lakh per year and avail tax deduction under Section 80C. This provides you with savings of up to ₹46,800 annually.

Easy online application

Opening a PPF Account is simple with ICICI Bank's online process. Just log into Net Banking or ICICI Bank’s iMobile app, enter your details and e-sign the application. Your Account is ready in minutes.

Flexible contribution and withdrawal

Invest as little as ₹500 annually, with an upper limit of ₹1.5 lakh. You can change your contribution year to year. PPF partial withdrawal are available after 5 full financial years, providing you with financial flexibility.

FAQs

What is the minimum investment for a PPF account?

The minimum annual contribution required to maintain a PPF Account is ₹ 500. The maximum you can contribute in a financial year is ₹ 1.5 lakh. Contributions can be made in a lump sum or a maximum of 12 instalments per year.

How long is the lock-in period for PPF?

The lock-in period of a PPF Account is 15 years and the Account can be extended in blocks of 5 years. After completion of 5 full years, partial withdrawals are allowed. 

Can I avail of tax benefits with PPF?

Yes, contributions to a PPF Account are eligible for tax deduction under Section 80C, up to ₹ 1.5 lakh per year. The interest and maturity proceeds are also tax-free.

How do I apply for a PPF account with ICICI Bank?

To apply, log into ICICI Bank Net Banking or iMobile, go to the section for PPF Account and follow the instructions. Your Account will be set up instantly.

What happens if I miss a PPF deposit?

If you miss a deposit, your PPF Account will become inactive. However, you can reactivate the Account by paying a penalty and depositing the minimum amount for each missed year.

What is the best time to deposit money in a PPF Account to maximise the interest?  

The best time to make a PPF deposit is before the 5th of every month. Interest is calculated monthly, on the lowest balance in the Account between the 5th and the end of the month. Thus, depositing funds before the 5th of the month ensures that interest is earned on the maximum balance. Please note that while the interest is calculated monthly, it is credited annually, at the end of the financial year.

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