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
Your email address will not be published. Required fields are marked *
Please subscribe me to your Email Newsletters
This site uses Akismet to reduce spam. Learn how your comment data is processed.
Download Our FREE Ebook!
Available only for first 100 people today
New here? Create an account