Maximum ₹1,50,000 per year
A = P (1 + r/n)^(nt)
PPF interest is compounded yearly and added to the account balance.
PPF interest rate is set quarterly by the Government of India. Currently around 7.1% per year.
Public Provident Fund (PPF) is a government-backed long term savings scheme in India offering tax benefits and guaranteed returns.
PPF accounts have a mandatory lock-in period of 15 years.
Maximum investment allowed is ₹1,50,000 per financial year.