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Post office PPF scheme benefit of pension is available on opening an account , know the complete details of the scheme

Salaried individuals get the benefit of pension facility after retirement. But, workers in the unorganized sector do not get the benefit of any kind of pension facility. Pension helps a lot to manage one’s expenses better after old age or retirement. Due to non-availability of pension benefits, workers in the unorganized sector have to face problems in managing their daily expenses at the time of retirement or old age. If you also fall in this category and are planning for your retirement pension, then Indian Post’s PPF (Public Provident Fund) scheme can prove to be the best option for you. Let us know about the scheme of Post Office.

Who can open his account

Any Indian citizen who is an adult can open his account in the PPF scheme of the post office. Apart from this, the account of a minor can also be opened by a guardian.

Maturity period

In the PPF scheme of the post office, you can deposit your money for 15 years, after which your account will mature. In this scheme of post office, the year of account opening is not counted.

Investment amount

You can start depositing your money in the PPF scheme of the post office with as little as Rs 500 on an annual basis. At the same time, the maximum amount to deposit money in this scheme is Rs 1.50 lakh. In this scheme of post office, the depositor is also eligible for deduction under section 80C of the Income Tax Act.

How much interest

At present, the depositor gets the benefit of 7.1 percent interest rate on an annual basis by depositing his money in this post office scheme. The interest earned at the end of every financial year is credited to the depositor’s account. Apart from this, the interest received in this post office scheme is out of the purview of income tax.


Parvesh Maurya
Parvesh Maurya
Parvesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @
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