2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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From April 1, 2017, Interest rates on small savings deposits including PPF cut by
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0.4 %
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0.2 %
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0.1 %
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0.5 %
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Explanation:
Detailed explanation-1: -Public Provident Fund (PPF) Interest Rate 2023: The current interest rate on PPF deposits is 7.1%. No change in PPF account interest rate was announced on December 30. This means, the same 7.1% interest rate would be applicable to PPF deposits made in the first quarter of New Year 2023.
Detailed explanation-2: -According to analysts, the changes were mostly prompted by the government’s inability to control the spiralling budget imbalance. The savings deposit interest rate was reduced from 4% to 3.50%. The PPF rate was lowered from 7.1 to 6.4 percent. Answer.
There is 1 question to complete.