If you are looking for a one-word answer, my answer is “Yes”. You must continue investing in Public Provident Fund (PPF). In the remainder of the posts, we look at why. PPF interest has been cut to 7.1% p.a. for the April-June 2020 quarter. This is the lowest PPF interest rate has ever been. The impact of the rate cut in PPF and SSY (Sukanya Samriddhi Yojana) accounts … [Read more...] about At 7.1% p.a., Should you invest in PPF?
ppf interest rate
Interest rates for PPF, Sukanya Samriddhi (SSY), Senior Citizens Savings Scheme (SCSS) have been cut sharply. The Ministry of Finance has revised the interest downwards for all the small savings schemes. This rate change will come as a negative surprise for those investors who rely on these investments for regular income. A rate cut reduces income for such savers. Many … [Read more...] about Interest Rate for PPF, SSY, SCSS and other Small Savings Schemes cut sharply
Public Provident Fund (PPF) has been a preferred investment destination for many investors for many years. It is one of my favourite tax-saving products too. Apart from the attractive tax-free interest rate, PPF investments also get a favorable tax treatment. PPF falls under Exempt-Exempt-Exempt (EEE) tax regime. I have covered several such aspects of PPF account in some of my … [Read more...] about All you need to know about PPF Account