PPF is introduced in India in 1968 by the Government with the objective to provide financial security to the salaried individuals who are working in the unorganized sector or self-employed individual. There are several significant reasons to invests in the Public Provident Fund, the major being is its EEE status. The former EEE status stands for Exempt-Exempt-Exempt, which signifies that deposits, returns and the maturity amount are tax-free.
There is a lock-in period of 15 years in PPF. Meanwhile, there are provisions through which you can be able to withdraw some money from seventh year or can take loan against the PPF from third year.
To conclude, it is a great investment-vehicle to build retirement corpus follow along with tax savings & guaranteed returns provided by it.
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