Post Office Public Provident Fund (PPF): How It Works, Interest Rates, Tax Benefits, Other Details

India Post, the postal network of the country, offers several savings schemes to mobilize small investments. One such savings scheme offered by India Post is the Public Provident Fund (PPF) account. PPF offers an investment avenue with decent returns coupled with income tax benefits. For the quarter ending December, PPF accounts fetch an interest rate of 8 per cent per annum. Interests on deposits are compounded on an annual basis, w...