PPF account rules, Feb. 14 -- Public Provident Fund, commonly known as PPF, is one of the most popular small savings scheme in India due to its tax benefits, interest rates and easy accessibility among others. PPF is a long-term investment scheme that gives you decent returns on the principal you invest. Backed by the Government of India itself, this small savings scheme is one of India's most trusted savings instruments.

Individuals can invest a minimum of Rs.500 and a maximum of Rs.1.5 lakh per year for 15 years in their PPF accounts. This amount is locked in for 15 years, after which you can get your investment back with interests without having to pay any tax. You can also choose to extend the time after the maturity of your PPF acco...