Interest on Credit Balance of PPF Shall Be Borne By Subscriber from 1-12-2011

As Per Notification Issued on 25-11-2011

In pursuance of section 5 of the Public Provident Fund Act, 1968 (23 of 1968) the Central Government hereby notifies that the subscriptions made to the fund on or after the 1st day of December, 2011 and balances at the credit of the subscriber shall bear interest at the rate of 8.6 percent, per annum.

 

Reference: Section 5 of the Public Provident Fund Act, 1968

Interest

All subscriptions made under section 4 shall bear interest at such rate as may be notified by the Central Government in the Official Gazette, from time to time, and the interest shall be calculated in such manner as may be specified in the Scheme.


 

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