PPF Limit

The Public Provident Fund (PPF) is one of the most popular savings schemes in India, offering guaranteed returns, tax benefits, and long-term financial security. Introduced by the Government of India under the PPF Act, 1968, this scheme is ideal for individuals seeking risk-free investments with assured growth. With its flexible deposit rules and tax exemptions, PPF has become a cornerstone of financial planning for millions of Indians.

While PPF provides a secure way to save for the future, its yearly deposit limits may restrict your ability to invest larger sums. To complement your savings strategy, consider investing in Bajaj Finance Fixed Deposit, offering returns of up to 7.30% p.a. and flexible tenures to maximise your wealth. Explore FD. 

Let us explore the minimum and maximum deposit rules for PPF and how you can optimise your savings with complementary investment solutions like Bajaj Finance Fixed Deposit.

Minimum PPF deposit limit

The minimum deposit required to maintain a PPF account is Rs. 500 per financial year. This ensures that the account remains active and eligible for interest accrual. The flexibility of PPF allows you to contribute small amounts, making it accessible to individuals from all income brackets.

Maximum PPF deposit limit

The maximum annual deposit limit for PPF is Rs. 1.5 lakh per financial year. This ceiling applies to all contributions made within the year, irrespective of the frequency or amount per deposit. Deposits can be made up to 12 times in a financial year, providing flexibility to align contributions with your financial goals.

Planning to invest above your PPF limit? Secure your savings with Bajaj Finance Fixed Deposit, starting from Rs. 15,000 with flexible tenures. Book FD.

PPF accounts come with a lock-in period of 15 years, making them ideal for long-term financial planning. However, partial withdrawals are allowed under specific conditions to provide liquidity when needed.

Key withdrawal rules:

Partial withdrawals:

• You can withdraw up to 50% of the balance at the end of the 4th financial year or the year preceding the withdrawal request.
• Withdrawals are allowed only after completing 6 financial years from the date of account opening.
• You can make one withdrawal per financial year using Form C.

Premature closure:

• Premature closure of the PPF account is permitted for reasons such as serious illness or higher education.
• Supporting documents, such as medical certificates or proof of education expenses, are required.

Withdrawn your PPF amount? 
Do not let it sit idle—park it in a Bajaj Finance Fixed Deposit for stable returns. Check FD rates. 

PPF accounts are designed exclusively for Indian residents, making them a reliable savings option for individuals residing in India.

Eligibility conditions:

• Indian residents: Only Indian citizens are eligible to open PPF accounts.
• NRIs: Non-resident Indians (NRIs) cannot open new PPF accounts. However, they can continue contributing to accounts opened while they were residents of India. Extensions of PPF accounts for NRIs are not permitted after maturity.

As PPF rules evolve, secure your financial future today by starting a Bajaj Finance Fixed Deposit online in minutes. Open an FD account. 

Why choose Bajaj Finance Fixed Deposit after PPF maturity?

While PPF is an excellent tool for long-term savings, its annual deposit limit may restrict your ability to invest larger amounts. Additionally, once your PPF account matures, you may be looking for other secure investment options to grow your savings.

This is where Bajaj Finance Fixed Deposit comes into play. With assured returns, flexible tenures ranging from 12 to 60 months, and high safety ratings (CRISIL AAA/Stable and [ICRA]AAA(Stable)), Bajaj Finance Fixed Deposit provides a reliable way to continue growing your wealth.

Benefits of Bajaj Finance Fixed Deposit:

• Higher returns: Earn up to 6.95% p.a., with senior citizens eligible for rates up to 7.30% p.a.
• Flexibility: Start with a minimum deposit of Rs. 15,000 and choose tenure as per your financial goals.
• Safety: Enjoy guaranteed returns with AAA-rated stability.
• Convenience: Open an FD online in 3 simple steps.

Start earning returns on your savings today with a Bajaj Finance Fixed Deposit—secure, guaranteed, and flexible. Open FD. 

The Public Provident Fund (PPF) is a government-backed savings scheme that offers guaranteed returns, tax benefits, and long-term financial security. With a minimum deposit requirement of Rs. 500 and a maximum annual limit of Rs. 1.5 lakh, PPF provides flexibility and accessibility to Indian residents.

However, if you are looking to invest beyond your PPF limits or optimise your savings post-maturity, Bajaj Finance Fixed Deposit is an excellent choice. With assured returns, flexible tenures, and high safety ratings, Bajaj Finance Fixed Deposit helps you make the most of your hard-earned savings.

Whether you are withdrawing, transferring, or planning retirement—make the most of your savings with Bajaj Finance Fixed Deposit, offering up to 7.30% p.a. returns. Explore FDs.