PPF (Public Provident Fund)
A government-backed long-term savings scheme in India with tax benefits.
What is PPF (Public Provident Fund)?
PPF (Public Provident Fund) is a government-backed long-term savings scheme in India with a 15-year term, offering a fixed interest rate that is reviewed by the government each quarter. Contributions qualify for tax deduction, and the interest and maturity amount are tax-free, making it popular for retirement and safe wealth building. Interest is compounded annually, and there are minimum and maximum yearly deposit limits.