Indian Polity · Financial Inclusion
Which of the following statements about the Public Provident Fund (PPF) scheme in India is incorrect?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1PPF accounts can be extended indefinitely in blocks of 5 years after maturity.
- 2The historical interest rate on PPF has been legally fixed at 8.5% and cannot be altered by quarterly revisions.✓
- 3Partial withdrawals are allowed from the account starting from the 7th financial year.
- 4PPF has a mandatory lock-in period of 15 years.
Correct answer
The historical interest rate on PPF has been legally fixed at 8.5% and cannot be altered by quarterly revisions.
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