Yes, Peepal is a fruit. The Peepal tree, scientifically known as Ficus religiosa, produces small fig-like fruits that go through a color transformation as they ripen. These fruits start off green and gradually turn purple when they reach maturity. The Peepal tree can grow up to approximately 98 feet in height, with a trunk diameter spreading out for around 3 meters. It is identified by its distinctive cordate-shaped leaves. Therefore, based on the given information, it can be concluded that the Peepal tree bears fruit in the form of small fig-like structures.