Good news for PPF investors! Government may soon increase interest rate
Big news for small investors. The interest rates of the Public Provident Fund (PPF) may increase soon. There has been no change in interest rates on small savings schemes for nine consecutive quarters till September.
If you have invested in schemes like Sukanya Samriddhi Yojana, and PPF then there is good news for you. The central government can increase the interest rates on such savings schemes. It is believed that a decision on this can be taken in the meeting to be held later this month. In this, along with PPF, investors can get the gift of increasing the interest rates of other small savings schemes.
The interest rates of the Public Provident Fund PPF, which have been stable for the past nine quarters, are likely to rise soon. At present, the interest rate on PPF is 7.1 percent per annum. In fact, the interest rates on government securities are increasing continuously. In such a situation, there is a possibility that the interest rate on PPF may also increase.
Explain that the interest rate on government securities is currently 7.3 percent, which is higher than PPF. The interest rate on securities is 6.5 percent in January 2022 and 7.6 percent in June. There has been no change in interest rates on small savings schemes for nine consecutive quarters till September. It is believed that their interest rates may increase in the meeting to be held at the end of this month.
It is being told that along with PPF, investors may get an increase in the interest rates of other small savings schemes. In this, interest rates can also be increased on National Saving Certificate, Kisan Vikas Patra, Fixed Deposit, PPF, Senior Citizen Savings Scheme and Sukanya Samriddhi Yojana.