India Raises PPF Interest Rate to 8.8% From April 1

Indian Government will raise interest rates on small savings schemes and public provident fund (PPF) with effect from April 1, 2012.

The rate of interest on the public provident fund will be raised to 8.8 percent from 8.6 percent.

The new rates will be applicable on term deposits with a tenure of 1 year up to five years, on 10-year National Savings Certificate, on five-year monthly income scheme, among others.