By Anshul Aug 5, 2021 1:13:39 PM IST (Published)
PPF, a retirement planning-focused instrument, was introduced by the National Savings Organization in 1968. It offers assured returns irrespective of market developments and currently offers 7.1 percent interest.
Public Provident Fund (PPF), a retirement planning-focused instrument, was introduced by the National Savings Organization in 1968. It offers assured returns irrespective of market developments. PPF is currently offering 7.1 percent interest, and it is revised every quarter by the government.
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Financial experts suggest investing in PPF as the maturity amount and the overall interest earned during the period of investment are tax-free.
Additionally, PPF gives decent returns with the power of compounding as it is a long-term investment.