PPF Interest Rate: Under small savings schemes, interest is decided on quarterly basis. The government may increase the interest of some schemes this quarter.
Public Provident Fund or PPF is a part of small savings scheme, which is a long term investment option and by investing in it, a big fund can be created in future. This is a tax free scheme and you can deposit up to Rs 1.5 lakh annually.
The government is giving 7.1 percent interest under the PPF scheme. The maturity period in this is 15 years and it can be extended up to 25 years in five years. The minimum amount to invest in PPF is Rs 500.
During the last few quarters, the government has increased the interest on fixed deposits, RD, NSC and other schemes under small savings scheme, but the interest on PPF has not changed since April 2020.
In such a situation, PPF investors hope that its interest rate can be increased under the small savings scheme. However, experts do not believe so.
In such a situation, PPF investors hope that its interest rate can be increased under the small savings scheme. However, experts do not believe so.
In such a situation, PPF investors hope that its interest rate can be increased under the small savings scheme. However, experts do not believe so.
