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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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What is Public Provident Fund (PPF)?
Public Provident Fund (PPF) is a long-term savings product that provides guaranteed returns and tax benefits. One great advantage of this scheme is that it allows you to keep your investments secure while generating interest at competitive rates (7.1% per annum).