What’s the Public Provident Fund PPF Curiosity Fee 2023? How typically the curiosity adjustments for PPF? What’s the historical past of the Public Provident Fund or PPF rate of interest from 1968 to 2023?
Public Provident Fund or PPF is without doubt one of the most popular merchandise for a lot of traders. In truth, I strongly advocate utilizing this product as your debt a part of the portfolio. It’s 15 years product, with tax advantages on the time of funding and likewise on the time of maturity. Therefore, take into account this product provided that your time horizon of the objective is greater than 15 years.
I already wrote many articles about Public Provident Fund. Refer the identical (listing shared).
Public Provident Fund PPF Curiosity Fee 2023 (Historical past from 1968 to Current)
Earlier the rates of interest was introduced on yearly as soon as. Nevertheless, from 2016-17 onwards, the speed of curiosity can be fastened on a quarterly foundation. I already wrote an in depth publish on this. I’m offering the hyperlinks to these earlier posts under.
Primarily based on these new adjustments, now onward rate of interest can be declared on a quarterly foundation.
Beneath is the timetable for change in rates of interest for all Put up Workplace Financial savings Schemes.
Therefore, from 1968 to 2016, the rate of interest of public provident fund was modified on a yearly foundation (or generally based mostly on the financial coverage). However from 2016 onwards, it’s on a quarterly foundation.
Allow us to now look into the Public Provident Fund PPF Curiosity Fee 2023 (Historical past from 1968 to Current).
| PPF Curiosity Fee Historical past from 1968 to Current | |
| Interval | Curiosity Fee |
| 2nd Quarter of 2023-24 | 7.10% |
| 1st Quarter of 2023-24 | 7.10% |
| 4th Quarter of 2022-23 | 7.10% |
| third Quarter of 2022-23 | 7.10% |
| 2nd Quarter of 2022-23 | 7.10% |
| 1st Quarter of 2022-23 | 7.10% |
| 4th Quarter of 2021-22 | 7.10% |
| third Quarter of 2021-22 | 7.10% |
| 2nd Quarter of 2021-22 | 7.10% |
| 1st Quarter of 2021-22 | 7.10% |
| 4th Quarter of 2020-21 | 7.10% |
| third Quarter of 2020-21 | 7.10% |
| 2nd Quarter of 2020-21 | 7.10% |
| 1st Quarter of 2020-21 | 7.10% |
| 4th Quarter of 2019-20 | 7.90% |
| third Quarter of 2019-20 | 7.90% |
| 2nd Quarter of 2019-20 | 7.90% |
| 1st Quarter of 2019-20 | 8.00% |
| 4th Quarter of 2018-19 | 8.00% |
| third Quarter of 2018-19 | 8.00% |
| 2nd Quarter of 2018-19 | 7.60% |
| 1st Quarter of 2018-19 | 7.60% |
| 4th Quarter of 2017-18 | 7.60% |
| third Quarter of 2017-18 | 7.80% |
| 2nd Quarter of 2017-18 | 7.80% |
| 1st Quarter of 2017-18 | 7.90% |
| 4th Quarter of 2016-17 | 8.00% |
| third Quarter of 2016-17 | 8.00% |
| 2nd Quarter of 2016-17 | 8.10% |
| 1st Quarter of 2016-17 | 8.10% |
| 2015-16 | 8.70% |
| 2014-15 | 8.70% |
| 2013-14 | 8.70% |
| 2012-13 | 8.80% |
| 1st Dec 2011 to thirty first March 2012 | 8.60% |
| 1st March 2003 to thirtieth Nov 2011 | 8% |
| 1st March 2002 to twenty eighth Feb 2003 | 9% |
| 1st March 2001 to twenty eighth Feb 2002 | 9.50% |
| fifteenth Jan 2000 to twenty eighth Feb 2001 | 11% |
| 1st April 1999 to 14th Jan 2000 | 12% |
| 1st April 1986 to thirty first Mar 1999 | 12% |
| 1985-86 | 10% |
| 1984-85 | 9.50% |
| 1983-84 | 9% |
| 1982-83 | 8.50% |
| 1981-82 | 8.50% |
| 1980-81 | 8% |
| 1979-80 | 7.50% |
| 1978-79 | 7.50% |
| 1977-78 | 7.50% |
| 1976-77 | 7% |
| 1975-76 | 7% |
| 1st Aug 1974 to thirty first Mar 1975 | 7% |
| 1st April 1974 to thirty first July 1974 | 5.80% |
| 1973-74 | 5.30% |
| 1972-73 | 5% |
| 1971-72 | 5% |
| 1970-71 | 5% |
| 1969-70 | 4.80% |
| 1968-69 | 4.80% |
The identical might be proven in a graphical method from the under chart.
You observed that in 1986 to 2000 interval was the golden period for PPF because the rate of interest was greater than 10%. Nevertheless, we should not ignore the inflation and rate of interest cycles additionally.
Conclusion – Regardless that these days rate of interest adjustments on a quarterly foundation and this rate of interest danger and liquidity are main issues for the PPF, I nonetheless insist you employ PPF as a debt a part of your targets that are greater than or equal to your PPF maturity date.