Understanding PPF
The Public Provident Fund (PPF) is a popular long-term savings scheme in India backed by the Government. It offers attractive interest rates and returns with complete safety.
Intelligence Insight: PPF falls under the EEE (Exempt-Exempt-Exempt) category. This means your deposits (up to ₹1.5 Lakhs) are tax-deductible under 80C, the interest earned is tax-free, and the maturity amount is completely tax-free!