The Public Provident Fund (PPF) is a long-term savings and investment scheme offered by the Government of India. It is designed to encourage individuals to save for their retirement and meet long-term financial goals. The PPF provides a secure and tax-efficient investment option with attractive interest rates and various benefits. The PPF has a fixed tenure of 15 years, which can be extended in blocks of 5 years after maturity. Individuals can contribute a minimum of Rs. 500 per year and a maximum of Rs. 1.5 lakh per year to their PPF account. Contributions can be made in lump sums or in installments throughout the year. One of the key advantages of investing in a PPF is the tax benefits it offers. Contributions made towards a PPF account are eligible for tax deductions under Section 80C of the Income Tax Act. The interest earned and the maturity amount are also tax-free, making it a popular tax-saving investment. The interest rates on PPF are set by the government and are revised periodically. Historically, PPF has offered higher interest rates compared to many other fixed-income investment options. The PPF account can be easily transferred from one authorized bank or post office to another, providing convenience for individuals who relocate or change their place of residence. This ensures that investors can continue their PPF investments without any disruption. In the event of the investor's demise, the accumulated amount in the PPF account is passed on to the nominee(s) or legal heir(s), providing financial security to the family. This makes PPF an attractive option for estate planning as well. Overall, the Public Provident Fund is a popular savings and investment option due to its long-term nature, tax benefits, attractive interest rates, and flexibility in withdrawals. It provides individuals with a secure and disciplined way to save for retirement and meet their financial goals.