1. What is PPF?
2. What is interest rate of PPF?
Interest rate for PPF accounts is fixed by Central Government every year in March / April.
3. What is the lock in Period?
Lock in period is 15 years from the time first time this account has been opened.
4. How to get the money back?
Full amount can be withdrawn after the lock in period.
After lock in period, it can be operated for another 5 years.
5. Is interest accrued on savings is Taxed?
No income tax will be applicable on money withdrawn after completion of lock in period. So, in a way interest is not taxed.