Public Provident Fund It is a savings scheme that the Government of India offers to resident Indians, including employees, students, self-employed individuals, and retired persons. A Public Provident Fund account carries a lock-in period of 15 years, and an account-holder must make deposits every year, as per PPF rules. The Government of India revises the PPF return rate every quarter, which is set based on the rate of returns on government bonds . For the first quarter of the Financial Year 2020 – 21 (April – June), the Indian government has revised the return rate for PPF at 7.1%, which was 7.9% in the previous quarter. The Indian government is responsible for paying the returns to account-holders. The Public Provident Fund is one of the safest investment options since it receives the backing of the central government, and chances of capital loss are negligible. Another winning point of PPF is the effect of compounding. Due to compounding and a considerably long tenure (15 years