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Page A-884
Public Provident Fund (PPF): Features & Tax Benefits
Public Provident Fund or PPF was introduced in 1968, as a means to provide everyone equal opportunity to save for their retirement. The 15-year savings scheme was to bring the self-employed and unorganised sector employees on par with the organised sector workers.
Page A-883
Public Provident Fund: PPF Account, Types & Benefits
Public Provident Fund is a small savings scheme launched in 1968 by the National Savings Institute and the Ministry of Finance. The 15-year savings scheme was to bring the self-employed and unorganised-sector employees to par with the organised-sector workers. Public Provident Fund (PPF) is a long-term savings product that provides guaranteed returns and tax benefits. PPF combines and caters to both the goals with sovereign guarantee and tax benefits of the scheme. Read along to understand what a PPF account is, its key features, and how it can help you build a secure financial future.