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Key Takeaways
The Public Provident Fund (PPF) refers to a government-backed savings scheme which is designed to offer long-term financial security.
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7 Questions to Ask before Opening a PPF Account
The PPF Act of 1968 introduced a government-run savings scheme known as the Public Provident Fund (PPF). In a word, the Public Provident Fund is a long-term, modest savings scheme for the public sector. It was established to provide financial security to unorganised sector employees and self-employed people.