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 June 09 is a bank holiday in Sikkim due to Saga Dawa.
2017 June 15 is a bank holiday in Mizoram due to Y.M.A Day/Raja Sankranti.
2017 June 22 is a bank holiday in Jammu And Kashmir due to Shab-I-Qadr.
2017 June 23 is a bank holiday in Jammu And Kashmir due to Jumat-ul-Veda.

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SBM BANK MAURITIUS LIMITED SHINHAN BANK SOCIETE GENERALE SONALI BANK LTD
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UNION BANK OF INDIA UNITED BANK OF INDIA UNITED OVERSEAS BANK LIMITED UTKARSH SMALL FINANCE BANK
VIJAYA BANK Woori Bank YES BANK ZILA SAHAKARI BANK LTD