what is the current rate of interest on ppf
7.6% Per Annum 7.6%
title: Public Provident Fund (India) text: for PPF accounts opened in the name of minor children. Parents can act as guardians in such PPF accounts of minor children. Any amount deposited in excess of ₹1.5 lacs in a financial year won't earn any interest. The amount can be deposited in lump sum or in a maximum of 12 installments per year. However, this does not mean a single deposit once in a month. The Ministry of Finance, Government of India announces the rate of interest for PPF account every quarter. The current interest rate effective from 1 October 2018 is 8".0%" "Per Annum'" (compounded annually). Interest title: Public Provident Fund (India) text: will be paid on 31 March every year. Interest is calculated on the lowest balance between the close of the fifth day and the last day of every month. 2014-2016 Original duration is 15 years. Thereafter, on application by the subscriber, it can be extended for 1 or more blocks of 5 years each. Subscriber has 3 options once the maturity period is over. Loan facility available from 3rd financial year up to 5th financial year. The rate of interest charged on loan taken by the subscriber of a PPF account on or after 01.12.2011 shall be 2% more than title: Public Provident Fund (India) text: the prevailing interest on PPF. However, the rate of interest of 1% more than PPF interest p.a. shall continue to be charged on the loans already taken or taken up to 30.11.2013. Up to a maximum of 25 per cent of the balance at the end of the 2nd immediately preceding year would be allowed as loan. Such withdrawals are to be repaid within 36 months. A second loan could be availed as long as you are within the 3rd and before the 6th year, and only if the first one is fully repaid. Also note that once you become title: Present value interest factor text: Present value interest factor In economics, Present value interest factor, also known by the acronym PVIF, is used in finance theory to refer to the output of a calculation, used to determine the monthly payment needed to repay a loan. The calculation has a number of variable factors, which include the quantity borrowed, the given interest rate, the number of regular intervals at which the loan is to be repaid and the term of the loan. For example, if person borrows a lump of money, valued at W, due to be repaid at X intervals per year, at an annual title: Present value interest factor text: interest rate of Y, for Z years, then the regular payment that will repay this loan can be calculated as follows: Let: Then: A = W / PVIFA(X, Y, Z) Present value interest factor In economics, Present value interest factor, also known by the acronym PVIF, is used in finance theory to refer to the output of a calculation, used to determine the monthly payment needed to repay a loan. The calculation has a number of variable factors, which include the quantity borrowed, the given interest rate, the number of regular intervals at which the loan is to be repaid