THIS Post Office Scheme will provide 7.1% returns: Here's what you need to know

The PPF account can be used to accumulate wealth over time. 

New Delhi: The Public Provident Fund is a long-term investment option that is backed by the government. PPF returns are not only generally greater than FD returns, but they also come with a slew of other advantages for the average person. The PPF account can be used to accumulate wealth over time. Individuals who are not protected by the Employees Provident Fund (EPF) might use PPF to plan for their long-term retirement.

PPF Maturity, Closing/Withdrawal Rules

After the completion of 15 years from the inception of the account, the PPF account matures. PPF account users can extend their accounts in 5-year increments after they reach maturity.