About this document
PPF Interest Rate and Calculator Guide by Ramakrishnan AmbiSubbiah is a document available to read on EtoBox.
The current PPF interest rate is 8% as of April 1, 2019. The PPF has a lock-in period of 15 years and the minimum account balance is Rs. 500. Interest earned on PPF is tax exempt. Banks offer PPF accounts at the rate fixed by the Indian government, which is currently 8%. The document also includes a calculator that shows the maturity amount and interest earned over 13 years of investing Rs. 150,000 annually in a PPF account.
- Author
- Ramakrishnan AmbiSubbiah
- Language
- EN