What is the interest rate on PPF (Public Provident Fund) for 2019? How and when the interest rates of PPF set? What are the historical interest rates offered? We try to answer these common queries about PPF in this post.
PPF is one of the most popular and probably one of the best investment options in India. And rightly so because of the features, tax benefit and almost risk-free returns that it offers.
Starting April 2016, Government of India announces interest rate on small saving schemes including PPF, Sukanya Samriddhi Account, Senior Citizen Savings Scheme, Post Office Fixed and Recurring Deposits every quarter. This is done to keep these interest rates in sync with the market rates. The table below shows the interest reset schedule:
Also Read: Best Tax Saving Investments u/s 80C
PPF was launched in 1986-87 and offered interest rate of 12%. It remained so till year 2000. After this the rates started coming down. From April 2003 to March 2011, PPF offered 8% interest. Starting April 2011, the interest rates for PPF along with other small saving schemes was linked to government bond yields. As of 2019, PPF interest rates are 7.9% (Jul to Sep)
The table below gives the details of PPF interest rates.
Starting FY 2016-17 interest rates were reset quarterly
Financial year | Apr – Jun | Jul – Sep | Oct – Dec | Jan – Mar |
2019 – 20 | 8.00% | 7.90% | ||
2018 – 19 | 7.60% | 7.60% | 8.00% | 8.00% |
2017 – 18 | 7.90% | 7.80% | 7.80% | 7.60% |
2016 – 17 | 8.10% | 8.10% | 8.10% | 8.00% |
Before FY 2016-17 interest rates were reset every year (Sometimes adhoc)
Financial Year | Interest Rate | Comments |
2015 – 16 | 8.70% | |
2014 – 15 | 8.70% | |
2013 – 14 | 8.70% | |
2012 – 13 | 8.80% | |
2011 – 12 | 8.20% | 8% for Apr’11 to Nov’11 and 8.6% for Dec’11 to Mar’12 |
2010 – 11 | 8.00% | |
2009 – 10 | 8.00% | |
2008 – 09 | 8.00% | |
2007 – 08 | 8.00% | |
2006 – 07 | 8.00% | |
2005 – 06 | 8.00% | |
2004 – 05 | 8.00% | |
2003 – 04 | 8.00% | |
2002 – 03 | 8.92% | 9% for Apr’02 to Feb’03 and 8% for Mar’03 |
2001 – 02 | 9.46% | 9.5% for Apr’01 to Feb’02 and 9% for Mar’02 |
2000 – 01 | 10.88% | 11% for Apr’00 to Feb’01 and 9.5% for Mar’01 |
1999 – 00 | 11.83% | 12% for Apr’99 to Jan’00 and 11% for Feb’00 to Mar’00 |
1998 – 99 | 12.00% | |
1997 – 98 | 12.00% | |
1996 – 97 | 12.00% | |
1995 – 96 | 12.00% | |
1994 – 95 | 12.00% | |
1993 – 94 | 12.00% | |
1992 – 93 | 12.00% | |
1991 – 92 | 12.00% | |
1990 – 91 | 12.00% | |
1989 – 90 | 12.00% | |
1988 – 89 | 12.00% | |
1987 – 88 | 12.00% | |
1986 – 87 | 12.00% |
Also Read: All you wanted to know about PPF
Download Excel based PPF Calculator for Maturity, Loan & Partial Withdrawal
Everyone hates paying taxes and always are on lookout for Options to Save Tax. However…
Are you worried and confused about Lien amount in SBI? Well you are not alone.…
Get details of latest Sovereign Gold Bond Price, Issue details, taxation and how to invest.…
Download the Excel based Income Tax Calculator India for FY 2020-21 (AY 2021-22). This compares…
Piramal Capital & Housing Finance, has come out with Piramal Capital & Housing Finance Ltd…
IIFL Home Loan, the Housing Finance company from IIFL Group has come out with IIFL…