Public Provident Fund account is one of the most popular

Solution

Public Provident Fund account is one of the most popular government-backed saving schemes in India. The PPF scheme was launched by the government to benefit small savers and offers guaranteed returns along with tax benefits as it falls under the Exempt-Exempt-Exempt (EEE) category.    T he minimum investment tenure is fixed at 15 years while the investment amount can range between Rs. 500 to Rs. 1.50 lakh in a financial year .   The current PPF interest rate is   7.1%   (Q4 of FY 2024-25 i.e. Jan-March 2025 ) . PPF interest rate is liable to change every quarter as per announcements made by the Finance Ministry .