PPF account holders are waiting with heightened anticipation for an increase in interest rates amidst the fact that PPF interest rates have remained unchanged since April 2020.
The government has approved an 8.15% interest rate for the Employees Provident Fund (EPF) scheme for the financial year 2022-23. Members can check their EPF balance through the official website, text messages, missed calls, or the Umang App
The interest rate for senior citizens savings scheme has been hiked to 8.2 per cent.However, the govt has kept the rate for PPF scheme unchanged for this period
EPFO had lowered the interest on EPF for 2021-22 to an over four-decade low of 8.1 per cent for its about five crore subscribers, from 8.5 per cent in 2020-21 in March 2022.