Post ID 65545

PPF: 7 things you have to know about Public Provident Fund

You have to add at the least Rs 500 and also at many Rs 1.5 lakh in your PPF account in per year.

Synopsis

Interest levels of little savings schemes haven’t been changed. Into the fixed income area, the PPF price is just one of the greatest. Listed here are a few what to learn about the scheme.

1. Interest is guaranteed not fixedThe rate of interest offered from the PPF just isn’t fixed however it is for this 10-year federal government relationship yield. The price does not alter for a day-to-day foundation but is fixed at the start of a quarter in line with the normal relationship yield in the earlier 3 months.

Constant declineThe 10-year relationship yield to which PPF rate is related has dropped 147 points into the previous eighteen months. (more…)