What Is Public Provident Fund (PPF)? | PPF Full Form & Meaning | UBS

Public Provident Fund (PPF)

What is Public Provident Fund (PPF)?

PPF stands for Public Provident Fund supported by the Government of India. PPF is used as a long-term investment.  It has a beneficial rate of good returns and an interest rate on the investment. This provides a higher level of safety to investment capital. The main benefit of having PPF is, that returns are not taxable under the Income-tax Act.

PPF interest rates are kept higher than banks’ Fixed Deposit rates. To encourage savings among Indians for their long-term investment, the rate is kept at 7.1% fixed. It is counted for Q2( July- September) Financial Year 2022- 23. That is compounded annually. Though this rate is for 2022-23 FY, The Financial Ministry set the interest rate every year and that is paid on 31st March.

To open a PPF account, you must be a citizen of India. You can it open in the name of an eligible minor.

Also, See: Employees Provident Fund (EPF)

Get Started

Solving Real Business Challenges with a Robust & Impeccable System

Any Query? Reach Out To Us.

We are here to help you find a solution that suits your business need.

Watch a Demo

Get a visual representation of how we work!

Schedule Demo
Get in Touch

Our sales expert is just one call away to meet your needs.

Get In Touch
Start Chat

Have a question?
Chat with Us

Start Chat