What every bank deposit and PPF investor must know

As cliche as it may sound, change is the only constant in life. From the innocence of childhood to wisdom of age, our life is in a perpetual state of change. So, if we know there's a gradual shift in our perspectives and beliefs over time, why should we not extend that same courtesy to our investments? To this day, most Indian households swear by bank deposits and Public Provident Funds (PPFs). Our parents still wax lyrical about these two investments. They are like family heirlooms, passed down generations. The numbers bear this point, too. As per the Reserve Bank of India, over 48 per cent of Indian household's financial investments lie in bank deposits and PPF as of March 31, 2023. 'Lie' is the operative word here. 'Lie' because even though, like our lives, the world o