Sunday, 25 March 2012

PPF rate likely to go up

                 The interest of various small savings schemes like Public Provident Fund and Monthly income scheme may increase. It is assumed that the rate will be increase by atleast  1/4 %.Now the interest on P.P.F is 8.6% and Monthly income accounts is 8.2%.Orders regarding increase in the interest rate will be come by March 28 and increase rate will increase from April 1.2012

The interest rate is increasing according to the recommendation of Shymala Gopinathan Comitee

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