PPF account is a Govt of India saving scheme. It has a Fixed Term of 15yrs and can be extended by 5yrs thrice. It has an Assured Interest of 8.% (2019) (Tax Free) compounding. It's a very flexibleamountScheme. You can keep your PPF account alive with a deposit of as low as Rs 1000/ per year and maximum of Rs 1, 50,000/ per year. You can withdraw 50% of 4th year balance in 7th yr and thereafter every year. Fantastic scheme to develop a Saving Habit. The best way to start is to contribute regularly Out of the Monthly Savings/ Leftover from Household Budget every month.