what is public provident fund ?

Public Provident Fund:

Public Provident Fund is a government supported long-term investment scheme, that allows the subscriber to invest minimum Rs 500 to maximum Rs 1,50,000 in one financial year and loan facilities,withdrawal and extension of account. The public provident fund gives return at the interest rate of 7.8% that is fully exempted from income tax under section 80c.
         





                Public Provident Fund is one the most poplar modes of investment in India.