From 1 Dec 2011 PPF (Public Provident Fund) Interest Rate increase
and also raise annual investment limit
- PPF investment limit raise to Rs. 1 lac from 70000
- Interest rate also raise 8.60% from 8%
Loans against your PPF saving will get costlier. To get an advance against your PPF you will have to pay 10.6%.
Silent Feature of PPF
- Investing in PPF is absolute safe as it is offered by Government of India.
- Tax deduction under 80C Limit upto 1 lac
- Minimum Investment every year 500.
- Loan available after 3 yr
- PPF account can not be attached any court order
Rates for current financial year effective from 1 Dec 2011
Scheme | Interest Rate |
Saving Deposit | 4 % |
1 yr. Time Deposit | 7.7 % |
2 yr. Time Deposit | 7.8 % |
3 yr. Time Deposit | 8 % |
5 yr. Time Deposit | 8.3 % |
5 yr Recurring Deposit | 8 % |
5 yr MIS | 8.2 % |
5 yr NSC | 8.4 % |
PPF | 8.6 % |
टिप्पणियाँ
एक टिप्पणी भेजें