When Was Ppf Introduced?

The Public Provident Fund Scheme (PPF) was introduced in 1968 to mobilise small savings in the form of investment and allow investors to earn a safe return on it. To encourage investment the scheme also provides tax exemptions on the amount invested, the interest earned and on the final maturity amount redeemed.

When did PPF scheme start?

Public Provident Fund (PPF) was introduced in India in 1968 with the objective to mobilize small saving in the form of investment, coupled with a return on it.

Who started PPF in India?

PPF was introduced by the National Savings Institute of the Ministry of Finance as a savings-cum-tax saving instrument in 1968. In the first year, the PPF interest rate per annum was just 4.8 per cent. It was revised to 5 per cent in 1969-70 and remained the same till 1972-70.