India Post Public Provident Fund Account Procedure

Organisation : India Post
Facility : Public Provident Fund Account Procedure

Procedure : http://www.indiapost.gov.in/PPF.aspx
Website : https://www.indiapost.gov.in/VAS/Pages/IndiaPosthome.aspx

Public Provident Fund Account :

** From 1.4.2016, interest rates are as follows:- 8.10% per annum (compounded yearly).

Related : India Post Senior Citizen Savings Scheme SCSS Account : www.statusin.in/9608.html

** Minimum INR. 500/- Maximum INR. 1,50,000/- in a financial year.
** Deposits can be made in lump-sum or in 12 installments.
** An individual can open account with INR 100/- but has to deposit minimum of INR 500/- in a financial year and maximum INR 1,50,000/-
** Joint account cannot be opened.
** Account can be opened by cash/cheque and In case of cheque, the date of realization of cheque in Govt. account shall be date of opening of account.
** Nomination facility is available at the time of opening and also after opening of account. Account can be transferred from one post office to another.
** The subscriber can open another account in the name of minors but subject to maximum investment limit by adding balance in all accounts.
** Maturity period is 15 years but the same can be extended within one year of maturity for further 5 years and so on.
** Maturity value can be retained without extension and without further deposits also.
** Premature closure is not allowed before 15 years.
** Deposits qualify for deduction from income under Sec. 80C of IT Act.
** Interest is completely tax-free.
** Withdrawal is permissible every year from 7th financial year from the year of opening account..
** Loan facility available from 3rd financial year. No attachment under court decree order.
** The PPF account can be opened in a Post Office which is Double handed and above.

Kisan Vikas Patra (KVP) :
** Amount Invested doubles in 110 months (9 years & 2 months)
** Available in denominations of Rs 1,000, 5000, 10,000 and Rs 50,000. Minimum deposit Rs 1000/- and no maximum limit.
** Certificate can be purchased by an adult for himself or on behalf of a minor or by two adults.
** KVP can be purchased from any Departmental Post office.
** Facility of nomination is available.
** Certificate can be transferred from one person to another and from one post office to another.
** Certificate can be encashed after 2 & 1/2 years from the date of issue.

FAQs :
Can i update my email id too?
Yes, you can update your email id from ‘My Profile’ link . A verification link will be sent to your new email ID. Click verification link and your email id will be updated.

My User ID has got blocked. What should I do?
On entering wrong password five times consecutively, your user ID will get blocked for 30 minutes. After this period, it will automatically become active.Or alternatively you can use Forgot Password Service to generate an OTP and reset your Password .​

What should I do if my account get expired?
If you do not log-in to your account on IndiaPost Site for 3 (Three) months, your account will get expire. In this case on logging into your account you will get account Expiry Message along with Resend Activation Link.You can click this link to send activation link to your registered email Id.

What precautions can I take to protect my User ID/Password?
* Memorise User Id and Password
* Do not write them down anywhere
* Do not tell your User ID/Password to anyone.
* Make sure that no one is looking when you key in your User ID/Password

What should I do when my password expired?
In this case, you will be able to login with expired password. After logging in you will be redirected to change password screen, you have to enter your old and new password, confirm new password and submit the details to set new password.

Can I change my UserID?
UserID is a unique identity and cannot be changed. For a new UserID, you have to to register again on the IndiaPost Site as a new user.