Public Provident Fund (PPF) continues to be the darling of those looking for low-risk, tax-efficient returns with the backing of the government. It now offers an interest of 7.1 percent annually, compounded yearly. Although reviewed every quarter, the rate does not fluctuate over the period, injecting stability into it. For those who wish to save with discipline in the long term, PPF is considered, by and large, a safe and trustworthy option.

Lock-in is not precisely 15 years

While all think that PPF is a 15-year lock-in deal, the regulation is really very accommodating. The account mandatorily has a 15-year term but can be renewed in five-year increments with no limit. People who do not need access to funds in the short run can just roll over their account and earn interest, making PPF

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