Key Points
The government has raised the rate of interest on two small savings schemes for the quarter January-March 2024 by 10-20 basis points..
What is the latest PPF Interest rate..
In the Public Provident Fund Scheme, 2019, in paragraph 13, in the second proviso, for the words or the date of extension of the account, the words or from the date of commencement of the current block period of five years shall be substituted...
This means that the interest will be allowed in the account at a rate that will be 1% less than the interest that has been periodically credited to the account from the date of commencement of the current block period of five years...
The accounts office will handle withdrawal of the whole balance plus interest up to the final day of the month before the month the account terminates...
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Latest PPF interest rate: Was Public Provident Fund interest rate hiked for Oct-Dec quarter?
30, Sep, 23The government raised the interest rate on just one small savings scheme for the quarter ending December 31, 2023.