PPF Account

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PPF Account

PPF Interest Calculator

Plan your future financial gains.

₹
₹ 500₹ 1,50,000
Interest rate (in %)
%
Total tenure of the deposit

View the accrued value of your PPF.

Maturity value

₹ 39,44,599

Total deposited amount

₹ 22,50,000

Total interest

₹ 16,94,599

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The savings mentioned are estimates and actual savings may vary based on the individual spending pattern.

Amortisation Schedule

Period Amount Deposited (₹) Interest Earned (₹) Year End Balance (₹)

More benefits than ever before

Check out the benefits

  • 7.1% ROI compounded annually, fully exempt from tax under Section 80C.

  • Disciplined 15 years investment with extension of 5 years option.

  • Flexible deposit between ₹500 to ₹1.5 lakh in a financial year.

  • Government-backed scheme with 100% safety

  • Invest at the start of the financial year to maximise returns.

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Ways to open a Bank Account

More features that you will love

Loan facility

  • Loan can be availed from 3rd Financial Year till 6th Financial Year.
  • Loan amount is 25% of the balance available at the end of the 2nd year preceding the loan application year
  • Rate of interest charged is 1% pa.
  • Only one loan is allowed in a financial year.
  • Existing loan if any to be closed for availing fresh loan
  • Loan can be repaid in 36 months either in monthly instalments or lump-sum.
  • Loan if not paid in 36 months, 6% interest will be charged

 

Transfer of Public Provident Fund (PPF) account to HDFC Bank

Partial withdrawals

  • Can be availed from 7th FY.
  • Withdrawal amount is 50% of the amount that stood to his credit at the end of the fourth year immediately preceding the year of withdrawal or at the end of the preceding year, whichever is lower
  • Only one withdrawal is allowed in a financial year.
  • Exisitng loan if any, to be closed for availing partial withdrawal
Transfer of Public Provident Fund (PPF) account to HDFC Bank

Transfer of Public Provident Fund (PPF) account PPF account to HDFC Bank

  • PPF a/c can be transferred from another bank or Post office to HDFC Bank. 
  • A/c will be considered as continuing account
  • Existing bank or post office will send necessary documents along with cheque/DD to desired HDFC Bank branch. 

Process at HDFC Bank Branch

  • Once documents are received at HDFC Bank, customer will be informed. 
  • Customer is required to visit branch to complete the process.
Process at HDFC Bank Branch

Additional Information 

  • Public Provident Fund (PPF) is a popular fixed income product that offers tax benefits and long-term assured returns. HDFC Bank provides an easy way of investing in PPF online.  
  • Instantly transfer funds from a linked savings account or set up standing instructions for automatic debit. 
  • Ease of viewing your account statement online anytime.
Additional Features

Extension of PPF a/c

  • Can be extended for 5 years post maturity.
  • Extension to be done within one FY from maturity.
  • No restrictions on the number of extensions.
  • Withdrawal upto 60% of the balance as credit at the commencement of the block period in lumpsum or installments.
  • Only one withdrawal is allowed in a FY.
Additional Features

Eligibility, account opening

Eligibility:-

  • Only 1 a/c can be opened by an Individual across post office/banks
  • Only Resident individuals are permitted to open an a/c
  • A/c in joint names is not allowed

Account Opening:-

  • Log into HDFC Bank NetBanking
  • Go to: Accounts
  • Click on Open PPF Account
  • Fill the necessary details and submit.

 

Additional Features
  • Aadhaar card (mandatory)
  • PAN (mandatory)
  • Passport [not expired]
  • Permanent Driving license [not expired]
  • Election /Smart Election Card/ Voter’s card issued by Election Commission of India
  • Photograph
  • Savings Account Opening Form
  • Nomination (Form E)
     

For opening PPF account for minors. In absence of valid OVD, account opening can also be done basis birth certificate of the minor (age proof). However, Aadhaar & PAN of guardian is mandatory.

Transfer of Public Provident Fund (PPF) account to HDFC Bank

Transfer of PPF a/c to HDFC Bank

  • PPF account can be transferred from another bank or Post office to HDFC Bank.
  • Account will be considered as continuing account.
  • Existing bank or post office will send necessary documents along with cheque/DD to desired HDFC Bank branch.

Process at HDFC Bank Branch:-

  • Once documents are received at HDFC Bank, customer will be informed.
  • Customer is required to visit branch to complete the process.

 

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Additional Information

  • Subscription amount credited to PPF a/c is remitted to RBI on T+1 basis.
  • Maximum 4 nominees can be registered in PPF a/c.
  • Minors and Guardian have a combined deposit limit of Rs 1,50,000 per FY.
  • Subscription can be made via cash/cheque/ NEFT
  • No age limit for opening PPF account
  • If minimum amount of Rs.500/- is not deposited in a FY it shall be treated as discontinued
  • A/c can be revived on payment of overdue penalty of Rs.50/- for each year of default along with overdue minimum annual deposit of Rs.500/- of defaulted years.

Frequently Asked Questions

If you're an existing customer with HDFC Bank, you can apply for a PPF account by 

  1. Checking your eligibility criteria on our website. 
  2. Apply online by submitting the required documents through our website. 
  3. Upon approval, receive your PPF passbook and start investing.  

New customers can visit our nearest branch to open a new PPF account. 

Public Provident Fund (PPF) is a fixed income product because of it's tax benefits and long-term assured returns. Investing in a Public Provident Fund offers tax benefits under Section 80C and provides long-term assured returns. Additionally, it allows for partial withdrawals and loan facilities. 

With PPF, you can benefit 

  • An attractive interest rate of 7.1%, fully exempted under Section 80C. 
  • Secure funds with a long-term investment period of 15 years. 
  • Extend your account for a block of 5 years after maturity period.

Yes, to open a PPF account with HDFC Bank, you will need to provide identity proof (Aadhaar Card, PAN Card), address proof (latest utility bill, passport) and income proof (latest salary slips for salaried individuals, income tax returns for self-employed individuals). 

  • Account can be opened by Resident Individuals and Individuals on behalf of minor of whom he is guardian.
  • No joint PPF accounts are allowed.
  • Non-resident Indians (NRIs) are not eligible to open an account under the Public Provident Fund Scheme. However, a resident who becomes an NRI during the 15 years' tenure prescribed under Public Provident Fund Scheme may continue to subscribe to the fund until its maturity on a non-repatriation basis.
  • An individual can open only one PPF account and declare the same at the time of account opening.