PPF Interest Rate: There has been no change in the interest rates of PPF by the government. At present the interest rate of PPF is 7.1 percent.
Why PPF Interest Rate not Increase: The interest rate of small savings schemes for the April – June quarter has been declared by the Central Government. There has been no change in interest rates by the government. There has been no change in the interest rates of Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY), Kisan Vikas Patra (KVP), National Savings Certificate (NSC) and all small savings schemes. There has been no change in the interest rate of PPF for a long time. Regarding this, questions are arising in the minds of investors that why the government is not making any change in the interest rates. Let us know.
Why was there no change in the interest rate of PPF?
It was told by the government officials that due to the interest rate on PPF not increasing, the returns on it are higher. Even after the highest tax bracket, it is reaching 10.32 percent. Due to this, the interest rate of PPF has been kept as it is.
Interest rates on small savings schemes
Savings Account – 4 percent
One year FD – 6.9 percent
Two year FD – 7.0 percent
Three year FD – 7.1 percent
Five year FD – 7.5 percent
RD – 6.7 percent
Senior Citizen Deposit – 8.2 percent
Monthly Income Plan – 7.4 percent
NSC – 7.7 percent
PPF- 7.1 percent
KVP – 7.5 percent
SSY – 8.2 percent
Interest rates are updated every quarter
The interest rates of small saving schemes are reviewed by the Central Government on every quarterly basis. The last change in interest rates was made in December 2023.
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
