PPF Full Form | What Does PPF Stand For?

PPF: Public Provident Fund

PPF Full Form

PPF full form stands for Public Provident Fund. Public Provident Fund is a tool for saving and tax saving in India, introduced in 1968 by the National Savings Institute of the Ministry of Finance.

Brief Explanation

The income tax benefit scheme is fully guaranteed by the central government. The balance in the PPF account is not subject to attachment under any order or court order. However, income tax and other government officials can link accounts to collect tax arrears.

The Public Provident Fund Scheme, 2019 was introduced by the Government on December 12, 2019 and with the new scheme, the previous Public Provident Fund Scheme, 1968 was revised from time to time.

Objective

The objective of this scheme is to raise small savings with which to offer investments with reasonable returns.

Eligibility Criteria

Individuals who are residents of India are eligible to open an account under the Public Provident Fund and are entitled to tax-free returns.

What Is The Full Form Of PPF?

PPF full form stands for Public Provident Fund. It is a tool for saving and tax saving in India, introduced in 1968 by the National Savings Institute of the Ministry of Finance. The objective of this scheme is to raise small savings with which to offer investments with reasonable returns.

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