2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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6.2%
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7.6%
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7.1%
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5.8%
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Detailed explanation-1: -The government has kept the interest rate unchanged at 7.1 percent on General Provident Fund – a social security scheme available to central government employees – for the period up to March 31, 2023.
Detailed explanation-2: -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-3: -Public Provident Fund (PPF): The Institute of Chartered Accountants of India (ICAI) recently demanded in the pre-budget memorandum 2023 that the PPF investment limit should be increased to ₹3 lakh per year from the current limit of ₹1.5 lakh.
Detailed explanation-4: -PPF Interest Rate in 2013 2012 to 31.03. 2013 was 8.8% and the investment limit was Rs 1 lakh/year.
Detailed explanation-5: -What is a PPF account? 7.1% per annum. Rs 1.5 lakh per annum. Public Provident Fund (PPF) scheme is a long-term investment option that offers an attractive rate of interest and returns on the amount invested.