PPF
Public Provident Fund, a 15-year government savings scheme with tax-free, government-set interest.
PPF, the Public Provident Fund, is a long-term savings scheme backed by the government. You can put in 500 to 1.5 lakh rupees a year, it earns a government-set interest rate (reviewed every quarter), and the deposits, interest, and maturity are all tax-free. The catch is a 15-year lock-in, so it suits long-term goals, not money you may need soon.
Questions people ask
What is the full form of PPF?
PPF stands for Public Provident Fund, a long-term government-backed savings scheme. You can put in ₹500 to ₹1.5 lakh a year, and the interest and maturity are tax-free.
What is the PPF interest rate and lock-in?
The rate is set by the government each quarter and has been 7.1% since 2020, with a 15-year lock-in. Confirm the current rate before relying on it.
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