Key facts
What the official sources publish
Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.
Tenure / programmePPF: 15 years, extendable in five-year blocks; SCSS: five years, extendable by three years; Sukanya Samriddhi: deposits up to 15 years with maturity after 21 years; Floating Rate Savings Bonds: seven years.View source
Each linked official page publishes the programme term recorded here.
- Source
- Government Schemes
- Page / section
- ; ; Sukanya Samriddhi; FRSB links
- Accessed
- 1 Sept 2026
- Confidence
- high
General ratePPF, SCSS and Sukanya Samriddhi rates are notified by the Ministry of Finance quarterly. Floating Rate Savings Bonds pay a coupon reset every six months; the reviewed page shows 7.15% for the first coupon period and says the next half-year resets.View source
The FRSB page prints the first coupon and six-month reset rule; the , and SSY pages delegate rates to Government notifications.
- Source
- Floating Rate Savings Bonds 2020
- Page / section
- Coupon and reset
- Accessed
- 1 Sept 2026
- Confidence
- high
Senior-citizen rateSCSS is itself a senior-citizen scheme. The reviewed PPF, Sukanya Samriddhi and Floating Rate Savings Bond pages do not publish a separate senior-citizen premium.View source
eligibility is age-based; the other reviewed scheme pages contain no separate senior-citizen rate.
- Source
- Senior Citizens Savings Scheme
- Page / section
- Eligibility and interest
- Accessed
- 1 Sept 2026
- Confidence
- high
Minimum / contributionPPF: ₹500 minimum and ₹1,50,000 annual maximum; SCSS: ₹1,000 minimum in multiples and ₹30,00,000 maximum; Sukanya Samriddhi: ₹250 initial minimum, ₹100 multiples thereafter and ₹1,50,000 annual maximum; FRSB: ₹1,000 in multiples with no maximum.View source
The individual scheme pages publish the limits consolidated here.
- Source
- Government Schemes and linked pages
- Page / section
- Investment / contribution terms
- Accessed
- 1 Sept 2026
- Confidence
- high
Withdrawal / closure termsPPF loan and withdrawal are allowed only at the scheme-prescribed account ages; premature closure is limited to life-threatening disease, higher education or residency change. SCSS may close after one year with 1.5% deduction before two years or 1% after two years; extension-period closure after one year has no deduction. SSY premature closure is limited to death or authorised extreme compassionate grounds; education/
Each linked official page publishes the scheme-specific restriction recorded here.
- Source
- ; ; Sukanya Samriddhi; FRSB
- Page / section
- Withdrawal and premature closure sections
- Accessed
- 1 Sept 2026
- Confidence
- high
Payout / redemptionPPF interest is credited on 31 March; SCSS interest is paid quarterly; Sukanya Samriddhi compounds and credits interest under Government rules; FRSB pays interest semi-annually on 1 January and 1 July and redeems after seven years.View source
The linked official pages publish the payout timing for each scheme.
- Source
- Government savings schemes
- Page / section
- Interest credit and redemption sections
- Accessed
- 1 Sept 2026
- Confidence
- high
Benefits and features
- 15-year original term with five-year extension blocks
- ₹500 minimum and ₹1,50,000 maximum each financial year
- Interest notified quarterly by Ministry of Finance
- Interest calculated on minimum balance from the fifth through the last day and credited on 31 March
- Loan and withdrawal facilities subject to scheme timing rules
- Income-tax and wealth-tax treatment as stated by the scheme
Eligibility
- Only individuals may open in their own name; a minor account may be opened by an eligible parent/guardian. Joint accounts, and are not eligible.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- opening form
- identity/address proof and or accepted alternative
- Minor's birth/age proof and guardian documents where applicable
Related official documents
Public Provident Fund Scheme, 1968official-product-page · current · accessed 1 Sept 2026
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