One of the traditional time tested and popular saving instruments has been the Public Provident Fund (PPF). PPF is a savings and tax-saving instrument. It also serves as a retirement planning tool for those who are not covered by any structured pension plan. The popularity of PPF as an investment avenue has been because of various reasons seldom found in other savings instruments - high rate of returns, compound interest, complete safety, no wealth tax, and tax-free interest. A PPF account can be opened at a head post office or at specified branches of some nationalized banks. Subscription can be made in cash or through a crossed cheque in favour of the accounts office, at the place at which that office is

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