March 30, 2013

CA CS ICWA KNOWLEDGE HUB - RBI reduces Interest Rate on PPF & SCSS, 2004 from 01.04.2013

UNIVERSAL KNOWLEDGE HUB

The rates of  interest on PPF, 1968 and SCSS, 2004 for the financial year 2013-14, effective from April 01, 2013, on the basis of the interest compounding/payment built-in in the schemes, will be as under:

Scheme
Rate of Interestw.e.f. 01.04.2012
Rate of Interest w.e.f. 01.04.2013
5 year SCSS, 2004
9.3% p.a
9.2% p.a
PPF, 1968
8.8% p.a
8.7% p.a
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