For most salaried individuals, the Employees' Provident Fund (EPF) forms the backbone of their savings needs. Now the scheme is undergoing sweeping changes.
PPF Interest Rate
Small Savings scheme interest rate unchanged from 1st July 2018 to 30th September 2018 - Finance Ministry Orders
The government on Monday kept the interest rates for small savings schemes which include PPF, POMIS, NSC etc. unchanged for the second quarter of the current financial year.
PPF contributions are locked in for a period of 15 years. NPS, however, has a longer lock-in and the corpus stays locked-in till the age of 60 years.
Amongst many saving and investment schemes, the Public Provident Fund (PPF) is one of the most popular tax-saving schemes for people.
Additional Interest Rate spreads which the Government allows on Small Savings Schemes like PPF, Senior Citizen Savings Scheme, Sukanya Samridhi Scheme and NSC etc. are being continued