Saturday, March 30, 2013

What is Interest rate on PPF for 2013-2014 ?

Interest rates on PPF (Public provident Fund) and other small savings scheme has been reduced.

PPF Interest rate was 8.8% for year 2012-2013 has now been reduced by 0.1% to 8.7% for year 2013-2014, with effect from 1st April 2013.

Similarly Post office Monthly Income Scheme (MIS) will earn an interest of 8.4% for 5 year maturiy.
The National Savings Certificates (NSC) having maturity of 5years and 10 years will attract 8.5% and 8.8% interest respectively, reduced by 0.10% from previous year.

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