Diabytes
PPF interest rates News
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PPF Account New Rules: The default tenure is 15 years, with the option to extend in blocks of five years. Investors can contribute between Rs 500 and Rs 1.5 lakh annually.
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Individuals can contribute as little as Rs 500 per year and as much as Rs 1,50,000 per year in their PPF accounts.
It also serves as a means for an account holder to obtain a loan in the event of an emergency at a nominal interest rate of only 1% per year.
PPF investors are also eligible for interest on interest, which produces higher returns because it is a long-term investment plan.
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