Revision of Interest Rates for PPF and SCSS
The Reserve Bank of India has revised the interest rates for the Public Provident Fund Scheme, 1968 (PPF, 1968) and the Senior Citizens Savings Scheme, 2004 (SCSS, 2004).
Effective from April 1, 2012:
The interest rate for PPF, 1968 has been revised to 8.6% per annum.
Effective from April 1, 2013:
The interest rate for PPF, 1968 has been revised to 8.7% per annum.
The interest rate for SCSS, 2004 has been revised to 9.2% per annum.
These revisions are in line with the government’s decision to revise the interest rates on small savings schemes.
Chat with the Master Circular: