How PPF fares as an investment option
What is the difference between EPF and PPF?
Where Employees Provident Fund serves all salaried employees, the Public Provident Fund serves everyone - the employed, the unemployed and even children and housewives. The access to the fund is also quite easy as any post office and some State Bank of India (SBIN.NS : 2016.8 -31.1) branches can help you open the fund. The purpose of a provident fund is to provide individuals some form of savings for their retirement years. Naturally, the EPF and PPF are for long-term savings.