PPF Interest Rate 2023-2024 (Complete History) Post Office | Current PPF Interest Rate and Calculator Online | Check SBI & Other Banks PPF Interest Rates
Now it is confirmed that the PPF Interest rate table has been disclosed by the Government of India till the inauguration of this scheme. One can check the previous and current interest rates pertinent to Public Provident Fund (PPF) account holders of SBI, Post Office, or any other banks. One can also find whether that is credited in your account as per the declaration along with a view of how much interest one may obtain at the end of the accounting year with this new PPF calculator. Please continue reading ahead to know the full history of PPF.
About the PPF Interest Rate
This is to be acknowledged that when you open your PPF account either at any bank, post office, or another economic service, you will be provided a fixed interest rate that will be relevant all across the accounting year and all through your PPF scheme period. If you desire to know your present interest rate of PPF. Then you need to contact the service such as your bank, post office, or economic service to gain more information regarding this. Generally, most of the times the interest rate of the Public Provident Fund lies between 7.8% to 8.0% only. Sometimes it can also fall up to a certain level because of the variation in the national budget and the Economy.
Public Provident Fund (PPF) Details
All these details are obtainable at your registered office. During the term of 2016-2017, the interest rates of the Public Provident Fund Scheme were approximately 8.1 % to 8.7%, which has been dropped down from 7.8% to 8.0%. Each year new budget is announced and in that same budget plan they will provide details regarding interest rates of the PPF scheme and the amount contributed in the PPF account will always be a good choice to apply for an exception in Income Tax for the same year.
This is an assured guaranteed return from the Government of India with no risk being associated. Let’s have a glance at the interest rates entitled to Public Provident Fund account bearers since its establishment till the present date as mentioned below in the table from 1986 till the current PPF interest rate.
Interest Rate Table of PPF (Full History)
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Advantages and Benefits of PPF
The Investors can also examine certain drawbacks specified on the PPF scheme prior to or after investing in this scheme, but the benefits are more advantageous than the other. Hence the investors are persisting on the safest bet initiated by the Government of India.
Here we have tried to cover all the information related to PPF Interest Rates (Complete History from 1986 to 31st March 2021). If you want to know the PPF Calculator (SBI or Other Banks) then directly click here. or visit the official website @https://sbi.co.in/web/personal-banking/investments-deposits/govt-schemes/ppf