Tax Benefit of PPF, Tax Rebate Under PPF

What are Tax Benefits?

PPF account offers EEE (Exempt, Exempt, Exempt) tax benefit to the investors which means that:

  • All the contributions made can be claimed for tax rebate under Section 80C of Income Tax
  • The interest earned on the PPF account is tax free
  • The maturity proceeds of the PPF account are exempt from tax

It is noteworthy here to mention that the amount deposited in dependent spouse’s or children’s PPF accounts is eligible for tax benefits.

PPF Interest Rates

From YearTo YearInterest Rate
1986198712.00% (p.a.)
1987198812.00% (p.a.)
1988198912.00% (p.a.)
1989199012.00% (p.a.)
1990199112.00% (p.a.)
1991199212.00% (p.a.)
1992199312.00% (p.a.)
1993199412.00% (p.a.)
1994199512.00% (p.a.)
1995199612.00% (p.a.)
1996199712.00% (p.a.)
1997199812.00% (p.a.)
1998199912.00% (p.a.)
1999200012.00% (p.a.)
2000200111.00% (p.a.)
200120029.50% (p.a.)
200220039.00% (p.a.)
200320048.00% (p.a.)
200420058.00% (p.a.)
200520068.00% (p.a.)
200620078.00% (p.a.)
200720088.00% (p.a.)
200820098.00% (p.a.)
200920108.00% (p.a.)
201020118.00% (p.a.)
201120128.60% (p.a.)
201220138.80% (p.a.)
201320148.70% (p.a.)
201420158.70% (p.a.)
201520168.70% (p.a.)
201620178.10% (p.a.)

Upcoming Bank Holidays

2017 January 26 is a bank holiday in Andaman And Nicobar Island due to Republic Day.
2017 February 01 is a bank holiday in Andaman And Nicobar Island due to Saraswati Puja (Shree Panchami)/Basant Panchami.
2017 February 10 is a bank holiday in Chandigarh due to Guru Ravidas's Birthday.
2017 February 15 is a bank holiday in Manipur due to Lui Ngai-Niw.

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Bank Interest Rates

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BNP Paribas Calyon Bank Canara Bank Catholic Syrian Bank Limited
Central Bank Of India Chinatrust Commercial Bank Limited Citi Bank City Union Bank Limited
Corporation Bank DBS Bank Ltd DCB Bank Limited Dena Bank
Deutsche Bank Dhanalakshmi Bank Equitas Small Finance Bank Limited Exim Bank Export Import Bank Of India
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Indian Overseas Bank IndusInd Bank Jammu And Kashmir Bank Limited JP Morgan Bank
JSC VTB Bank Karnataka Bank Limited Karur Vysya Bank Kotak Mahindra Bank Limited
Krung Thai Bank Public Co. Ltd Laxmi Vilas Bank Mashreqbank Psc Mizuho Corporate Bank Limited
Oman International Bank SAOG Oriental Bank Of Commerce Punjab And Sind Bank Punjab National Bank
RBL Bank Limited SBM Bank Mauritius Limited Shinhan Bank Societe Generale
Sonali Bank South Indian Bank Standard Chartered Bank State Bank Of Hyderabad
State Bank Of Patiala State Bank Of Bikaner And Jaipur State Bank Of India State Bank Of Mysore
State Bank Of Travancore Syndicate Bank Tamilnad Mercantile Bank Limited The Nainital Bank Limited
UBS AG UCO Bank Union Bank Of India United Bank Of India
Vijaya Bank Yes Bank Limited