Public Provident Fund, Basics, PPF Account Opening, Interest Rate, Withdrawal & Tax Benefits The purpose of the Public Provident Fund (PPF), which was first implemented in India in 1968, was to mobilise small contributions for investment and return. It can also be referred to as an investment vehicle that enables one to accumulate retirement funds while reducing yearly taxes. Anyone looking for a safe investment option to save taxes and earn guaranteed returns may open a PPF account. Public Provident Fund (PPF) scheme is a long-term investment option that offers an attractive rate of interest and returns on the amount invested. The interest earned and the returns are not taxable under Income Tax. One has to open a PPF account under this scheme and the amount deposited during a year will be claimed under section 80C deductions. Features of PPF account Below are the essential features of PPF Tenure: The PPF has a minimum tenure of 15 years, which can be extend...