Public Provident Fund
This is an email received. The Financial Planning Edition Issue Date: February 19, 2013 7 things you should know about PPF 1. PPF - a government backed long term small savings scheme Public Provident Fund (PPF) is a scheme of the Central Government, framed under the PPF Act of 1968. Briefly, the PPF is a government backed, long term small savings scheme which was initially started by the Government because it wanted to provide retirement security to self-employed individuals and workers in the unorganized sector. It is today the most popular investment made by Indian citizens. If you are keen on a safe investment, a decent rate of return, tax benefits (deduction and tax free interest) and have a long term investment horizon, then the PPF is for you. It is a disciplined investment avenue as your money is blocked for 15 years. 2. How do I open a PPF account? What should I keep in mind when opening my PPF account? Head over to your nearest State Bank of India branch, or a