New Delhi, Sept. 12 -- The Public Provident Fund (PPF) is a government-backed, long-term savings and scheme with guaranteed returns. A top choice when it comes to future proofing your investments, it can be used for goals such as buying a house, children's education, funding a wedding, as a retirement corpus or even to build wealth.

Investors can easily open a PPF account at their nearest bank or post office branch by submitting an application form, along with required KYC documents. There is no minimum age requirement, and parents can choose to open an account for their child, which must be converted into a major account, once the holder turns 18.

Locked in for a period of 15 years, you can choose to extend the tenure of your or your c...