PPF interest raised from 8.6% to 8.8%

The government on Monday increased the interest rates on fixed deposits under small savings schemes, including the Public Provident Fund (PPF), with effect from April 1, in line with the recommendations of the Shyamala Gopinath committee. The increase is aimed at linking these rates with the interest on government securities. After their dismal performance this financial year, the move may attract investors back to these schemes, analysts said



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