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The current interest rate is 7.1% annually (Q1 of FY 2024-25). Interest received is tax-free. The entire balance can be withdrawn on maturity. The maximum amount that can be deposited annually is ₹150,000 in an account. The interest earned on the PPF subscription is compounded annually.
Other similar government savings schemes in India include: Public Provident Fund (PPF), Post Office Fixed Deposit, Post Office Recurring Deposit, etc. [3] The certificates were heavily promoted by the Indian government in the 1950s after India's independence, to collect funds for nation-building
At the conclusion of its eighth and final rate-setting policy meeting of the year on December 18, 2024, the Federal Reserve announced it was lowering the federal funds target interest rate by 25 ...
Initially, the interest rate was set at 9.1% but later revised to 9.2% in late March 2015 for FY2015-16. [7] [8] The latest interest rate for Sukanya Samriddhi Account revised from January 1, 2024 is 8.2%. [3] The account can be opened anytime between the birth of a girl child and the time she attains 10 years age by the parent/guardian.
At the conclusion of its sixth rate-setting policy meeting of 2024 on September 18, 2024, the Federal Reserve announced it was lowering the federal funds target interest rate by 50 basis points to ...
PPF (company), a financial group founded in the Czech Republic; Production–possibility frontier, a graph on the goods that an economy could efficiently produce with limited productive resources; Public Patent Foundation, a US non-profit organization; Public Provident Fund, a savings-cum-tax-saving instrument in India
At the conclusion of its sixth rate-setting policy meeting of 2024 on September 18, 2024, the Federal Reserve announced it was lowering the federal funds target interest rate by 50 basis points to ...
Last year was another volatile year for interest rates. The 30-year fixed-rate mortgage technically closed out 2023 just 19 basis points above its starting position, but that’s after climbing ...