Is PPF interest rate fixed for entire 15 years like FDs for full term? Here's what you should know
The Public Provident Fund (PPF) is a government-backed retirement savings scheme that offers guaranteed returns on investments through compound interest. Established in 1968 by the National Savings Institute, the investment tool is a long-term savings option that includes a mandatory 15-year lock-in period. However, many investors wonder whether the PPF interest rate is the same for the entire 15-year period.