Interest on PPF

POSTED BY Anil P.Navare ON May 21, 2012 11:32 am COMMENTS (2)

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.

2 replies on this article “Interest on PPF”

  1. Dear Anil, can you rpvide, your exact date or month of PPF account opening?

    thanks

    Ashal

  2. 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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