May 21, 2012 11:32 am
Recently Government has declared rate of interest as 8.8% for F.Y.2012-13.My PPF a/c is opened 2 years back.Does it mean that I will get 8.8% for this F.Y.When I opened PPF the rate was 8% hence this question.
Dear Anil, can you rpvide, your exact date or month of PPF account opening?
PPF interest is calculated on per month basis . So what your interest will be calculated as per the prevailing rate of interest . For from the date 8.8% is applicable , you will be getting 8.8% interest per month . See : https://www.jagoinvestor.com/2012/02/how-ppf-interest-is-calculated-video.html
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