Public Provident Fund draws investors looking for guaranteed and tax-free returns. However, the PPF interest rate has been falling consistently considering 2013. While the PPF funding restrict changed into extended from Rs 1 lakh/yr to Rs 1.Five lakh/year in 2014, the hobby has been reduced by way of 1.7% between 2013 and 2022, as in step with reliable records.
The Ministry of Finance revises the PPF interest rate on a quarterly basis. The hobby rate for the next region of FY 2022-23 might be announced by using the cease of December 2022. Here’s a have a look at how the PPF interest rate has modified within the ultimate 10 years.
PPF Interest Rate in 2013
PPF hobby fee between 01.04.2012 to 31.03.2013 changed into eight.8% and the investment restrict became Rs 1 lakh/year.
PPF Interest Rate in 2014
PPF hobby rate among 01.04.2013 to 31.03.2014 became eight.7% and the funding restrict was Rs 1 lakh/12 months. PPF hobby price between 01.04.2014 to 31.03.2016 become 8.7% and the funding restriction became Rs 1.5 lakh/12 months.
PPF Interest Rate in 2015 and 2016
PPF interest fee between 01.04.2016 to 30.09.2016 became revised to eight.1% at the same time as the funding restriction changed into Rs 1.Five lakh/12 months.
PPF Interest Rate in 2017
PPF hobby rate among 01.10.2016 to 31.03.2017 became further decreased to 8% and the funding restriction become Rs 1.5 lakh/year. Between 01.04.2017 to 30.06.2017, the PPF interest price turned into revised to 7.9%. Between 01.07.2017 to 30.09.2017, the PPF hobby price became revised to 7.Eight%.
PPF Interest Rate in 2018
PPF interest price between 01.01.2018 to 30.09.2018 was revised to 7.6% and the funding limit was Rs 1.Five lakh/year.
PPF Interest Rate in 2019
PPF interest rate between 01.10.2018 to 30.06.2019 was increased to 8% and the investment restrict was Rs 1.Five lakh/year.
PPF Interest Rate in 2020
PPF hobby fee among 01.07.2019 to 31.03.2020 was extended to 7.Nine% and the funding restriction was Rs 1.5 lakh/12 months.
PPF Interest Rate in 2021 and 2022:
PPF hobby price has remained unchanged when you consider that 01.04.2020 at 7.1% and the investment limit.