PPF Scheme Big Update: There is big news for those investing money in PPF (ppf scheme). If you have also invested money in the public provident fund scheme, then there is important news for you.
PPF Scheme Interest Rate 2023: There is big news for those investing money in PPF (ppf scheme). If you have also invested money in the public provident fund scheme, then there is important news for you.
The Central Government has made a big announcement for those investing money in the Small Savings Scheme. The government has released the interest rates for the April-June quarter of the financial year 2023-24. If you have also invested money in Public Provident Fund, then know how much benefit you are getting now.
PPF will get 7.1 percent interest
Let us tell you that in the Public Provident Fund scheme, the government has not made any change in the interest rates, that is, you will get the same benefit of interest on PPF as before. This is the 12th consecutive quarter when interest rates on PPF have not changed. On this scheme, the government will give the benefit of interest at the rate of 7.1 percent only.
How much interest is being received on which scheme –
1. The interest rate on Senior Citizen Savings Scheme was increased from 8 percent to 8.2 percent.
2. The interest rate on National Savings Certificate (NSC) was increased from 7 per cent to 7.7 per cent.
3. The interest rate on Sukanya Samriddhi Yojana was increased from 7.6 per cent to 8 per cent.
4. Has been increased from 7.2 (120 months) to 7.5 (115 months) on Kisan Vikas Patra.
You can invest Rs.500 also
You can invest up to Rs.500 in PPF in at least 1 year. If you deposit up to Rs 1.5 lakh in PPF in 1 year, then you get the benefit of tax exemption in it. If you want, you can deposit money in it every month
Investment stops after 15 years,
let us tell you that after 15 years investment in this scheme stops, but if you want to invest more in it, then you can invest in this scheme even after 15 years and then you You can withdraw money only once in a year.
Loan is available
Central Government gives you the benefit of interest on Public Provident Fund. You can easily get loan on PPF account. You get a loan of only 25% of the money in your PPF account.
