[ecis2016.org] PPF interest rate determines the amount of money you would ultimately save in your PPF account.
Public Provident Fund or PPF is a government-run saving instrument that not only helps an Indian citizen save money but also cut down his tax liability under Section 80C of the Income Tax Act. An interest is offered, on the amount contributed by a PPF account holder to his PPF account, on his saving on an annual basis. PPF interest rate is decided by the central government once every three months.
You are reading: PPF interest rate: Latest Public Provident Fund interest rate
PPF interest rate
| Period | PPF interest rate in percentage |
| From April 1, 2020, till June 30, 2022 | 7.1% |
| From July 1, 2019, to March 31, 2020 | 7.9% |
| From October 1, 2018, to June 31, 2019 | 8% |
| From January 1, 2018, to September 30, 2018 | 7.6% |
| From July 1, 2017, to December 31, 2017 | 7.8% |
| From April 1, 2017, to June 30, 2017 | 7.9% |
| From October 1, 2016, March 31, 2017 | 8% |
| From April 1, 2016, to September 30, 2016 | 8.1% |
| From April 1, 2013, to March 31, 2016 | 8.7% |
| From April 1, 2012, to March 31, 2013 | 8.8% |
| From December 1, 2011, to March 31, 2012 | 8.6% |
| From March 1, 2003, to November 30, 2011 | 8% |
| From March 1, 2002, to February 28, 2003 | 9% |
| From March 1, 2001, to February 28, 2002 | 9.5% |
| From January 15, 2000, to February 28, 2001 | 11% |
| From April 1, 1999, to January 14, 2000 | 12% |
| From FY 1986-87 to FY 1998-99 | 12% |
| From 1985 to 1986 | 10% |
| From 1984 to 1985 | 9.5% |
| From 1983 to 1984 | 9% |
| From 1981-82 to 1982-83 | 8.5% |
| From 1980 to 1981 | 8% |
| From 1977-78 to 1979-80 | 7.5% |
| From August 1, 1974, to March 31 1977 | 7% |
| From April 1, 1974, to July 31, 1974 | 5.8% |
| From 1973 to 1974 | 5.3% |
| From 1970-71 to 1972-73 | 5% |
| From 1968-69 to 1969-70 | 4.% |
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PPF interest rate in 2022
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As announced in April 2022, the PPF interest rate is 7.1% per annum (compounded yearly) for the quarter ending June 30, 2022.
PPF interest rate: How is it calculated?
- PPF interest rate is fixed by the Finance Ministry. PPF interest rate offered by banks is based on changes in rates by the Finance Ministry.
- PPF interest is compounded annually.
- PPF interest is calculated on a monthly basis, on the lowest balance in your account between the 5th day and the end of a month.
- However, PPF interest is credited into your PPF account at the end of the financial year, on March 31.
- PPF interest rate is calculated differently, depending on the frequency of payments – monthly or lump-sum. To increase gains, deposit money before the 5th of the month if you are depositing it in your PF account on a monthly basis. If you are depositing money as lump-sum every year, deposit it before April 5 of that year.
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PPF interest calculation formula
A = P [({(1+i) ^n}-1)/i]
Where:
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A stands for maturity amount;
P stands for principal amount;
I stands for the expected interest rate;
N stands for the tenure for which the amount is invested.
FAQs
Who decides the PPF interest rate?
The central government decides the PPF interest rate quarterly.
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What is the PPF interest rate in 2022?
The PPF interest rate is 7.1% in 2022.
How much amount can I invest in PPF in a year?
You can invest a minimum of Rs 500 and a maximum of Rs 1.5 lakhs in a financial year in your PPF account.
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