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What is the Public Provident Fund (PPF) scheme in India, and how does it function?
What is the Public Provident Fund (PPF) scheme in India, and how does it function?
The Public Provident Fund (PPF) is a government-backed long-term savings scheme in India. Individuals can open a PPF account with designated banks or post offices and make contributions towards it. The deposited amount earns a fixed interest rate and has a lock-in period of 15 years.