close
Breaking news

A new line of argument has already come to dominate the public sphere: it’...read more The government has gone one step further to detect community spread of the coro...read more The government has issued an order to abolish the six allowances, including the...read more Aarogya Setu application launched by NIC is aimed to track COVID-19 affected pe...read more SEOUL| South Korea’s unemployment rate was unchanged in April as the coronavi...read more Amid the outbreak of Corona pandemic in the country, Indian government has been...read more Prime Minister Narendra Modi in his address to the nation on Tuesday indicated ...read more Corona infection in the country is taking a macabre form. So far, more than 74 ...read more Congress General Secretary Priyanka Gandhi Vadra has written a letter to UP Chi...read more On Tuesday, Prime Minister Narendra Modi announced a package of Rs 20 lakh cror...read more

A First in 46 Years : PPF Rate May Fall Below 7%

PPF Rate Revise to less than 7%be likely

PPF Rates are likely to fall below 7%, to a 46-year low. With the consistent decline in bond yields, it is very much likely that the rates of small saving schemes are likely to be cut during the quarterly revision, due next week. If it happens, as very much likely, it is going to be the first time since 1974 that the PPF rate may fall below 7%.

How is PPF Rate Revised

PPF rate is linked to the 10-year government bond yield which is revised at the beginning of each quarter. For the current April-June quarter, the rate was 7.1% at the end of March, when the 10-year bond yield averaged 6.42% in January-March quarter.

As, the 10-year bond yield has till now averaged 6.07% which currently stands at 5.85%, a cut in the rate is very much likely, which will bring the rates to a 46 year low.

Tags: ,

Story Page

Download Our Mobile App