this is Gud to know that ppf means provident fund. today i learned a new word. i think the increase in pf amount will help middle class family to avoid tax. nice information. thanks.
Abhishek what is the ppf account can you describe us clearly.
It is public provident fund where in you can deposit money 12 times a year for minimum period of 15 years. There is a lock in period of 7 years where you cannot withdraw amount before 7 years.
After 7 years, you can withdraw half of the total balance of the account.
