PPF Interest Rates: PPF account holders have been expecting an increase in the interest rate on PPF for a long time. However, now the government has announced the interest rate of PPF. But this could not fulfill the expectations of the PPF account holders. Let us know about it in detail.
Many investment schemes are being run by the government. One of these investment schemes is also included in the Public Provident Fund.
Through Public Provident Fund ie PPF, the government encourages investors to save for a long period. At the same time, before the new year, a decision has been taken by the government regarding PPF, which shocked the PPF account holders.
People did not get the benefit
PPF account holders have been expecting an increase in the interest rate on PPF for a long time. However, now the government has announced the interest rate of PPF.
But this could not fulfill the expectations of the PPF account holders. At the same time, the government has kept the interest rate on PPF accounts stable for the time being.
Did not increase the interest rate
There has been no increase in the interest rate on PPF accounts by the government. The interest rate offered on PPF has been kept constant by the government. Please tell that at present, interest is provided by the government on PPF accounts at the rate of 7.1 percent on an annual basis.
You can invest so much
Please tell me that any Indian citizen can open a PPF account. Interest is paid on PPF at the rate fixed by the government. Whereas a PPF account is a long-term account and matures after 15 years.
A minimum of Rs 500 can be invested in a PPF account in a financial year. At the same time, a maximum of Rs 1.5 lakh can be invested in PPF in a financial year.
