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Provident Fund: Definition, How It Works for Retirement
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The Public Provident Fund (PPF) scheme is a very popular long-term savings scheme in India because of its combination of tax savings, returns, and safety. The PPF scheme was launched in 1968 by the Finance Ministry. The main objective of the scheme is to help individuals make small savings and provide returns on the savings. Who can open a PPF account? Any Indian citizen over 18 years of age can open a PPF account. A guardian on behalf of a minor/ person of unsound mind . ​ No upper age limit fo
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