Public Provident Fund is a government-backed saving scheme. Know about the PPF full form , meaning, interest rate, tax benefits, and how to open an account. What is PPF account: Know the PPF full form , PPF account interest rate, features, eligibility criteria, open PPF account, balance check, withdrawal & other PPF details The PPF full form is Public Provident Fund , a long-term government-backed savings scheme introduced in the year 1968. The PPF account is open to all Indian residents and aims to encourage small savings with attractive interest rates. The Public Provident Fund (PPF) is a popular long-term savings scheme offering attractive interest rates and tax benefits. The interest earned on PPF is tax-exempt, making it an effective instrument for building wealth without worrying about tax liabilities.