PPF or Public Provident Fund is one of the most popular savings schemes started back in 1968 in India. It is a savings cum investment scheme which provides tax benefits as well. It is Considered as one of the safest options to get good guaranteed returns along with tax benefits.
List of Topic Covered
PPF Latest Interest Rate for 2023-24
PPF News
- Public Provident Fund (PPF) will continue to yield 7.10 % interest rate from April to June 2023 quarter – Ministry of finance.
PPF Interest Rate Historical Data
We have made a year wise list of PPF interest rates along with maximum investment amount from 1968 to 2023.
| Year | Interest Rate (p.a) | Maximum Investment Amount (₹) |
| 01-Apr-2023 to 30-Jun-2023 | 7.1% | ₹1,50,000 |
| 01-Jan-2023 to 31-Mar-2023 | 7.1% | ₹1,50,000 |
| 01-Oct-2022 to 31-Dec-2022 | 7.1% | ₹1,50,000 |
| 01-Jul-2022 to 30-Sep-2022 | 7.1% | ₹1,50,000 |
| 01-Apr-2020 to 30-Jun-2022 | 7.1% | ₹1,50,000 |
| 01-Jul-2019 to 31-Mar-2020 | 7.9% | ₹1,50,000 |
| 01-Oct-2018 to 30-Jun-2019 | 8.0% | ₹1,50,000 |
| 01-Jan-2018 to 30-Sep-2018 | 7.6% | ₹1,50,000 |
| 01-Jul-2017 to 30-Sep-2017 | 7.8% | ₹1,50,000 |
| 01-Apr-2017 to 30-Jun-2017 | 7.9% | ₹1,50,000 |
| 01-Oct-2016 to 31-Mar-2017 | 8.0% | ₹1,50,000 |
| 01-Apr-2016 to 30-Sep-2016 | 8.1% | ₹1,50,000 |
| 01-Apr-2014 to 31-Mar-2016 | 8.7% | ₹1,50,000 |
| 01-Apr-2013 to 31-Mar-2014 | 8.7% | ₹1,00,000 |
| 01-Apr-2012 to 31-Mar-2013 | 8.8% | ₹1,00,000 |
| 01-Dec-2011 to 31-Mar-2012 | 8.6% | ₹1,00,000 |
| 01-Apr-2011 to 30-Nov-2011 | 8.0% | ₹1,00,000 |
| 01-Mar-2003 to 31-Mar-2011 | 8.0% | ₹70,000 |
| 01-Apr-2002 to 28-Feb-2003 | 9.0% | ₹70,000 |
| 01-Mar-2002 to 31-Mar-2002 | 9.0% | ₹60,000 |
| 01-Mar-2001 to 28-Feb-2002 | 9.5% | ₹60,000 |
| 15-Jan-2000 to 28-Feb-2001 | 11.0% | ₹60,000 |
| 01-Apr-1999 to 14-Jan-2000 | 12.0% | ₹60,000 |
| FY 1988 – 89 | 12.0% | ₹60,000 |
| FY 1987 – 88 | 12.0% | ₹40,000 |
| FY 1986 – 87 | 10.0% | ₹40,000 |
| FY 1985 – 86 | 9.5% | ₹40,000 |
| FY 1984 – 85 | 9.0% | ₹40,000 |
| FY 1983 – 84 | 8.5% | ₹40,000 |
| FY 1982 – 83 | 8.5% | ₹30,000 |
| FY 1981 – 82 | 8.0% | ₹30,000 |
| FY 1980 – 81 | 7.5% | ₹30,000 |
| FY 1979 – 80 | 7.5% | ₹30,000 |
| FY 1978 – 79 | 7.5% | ₹20,000 |
| FY 1977 – 78 | 7.0% | ₹20,000 |
| FY 1976 – 77 | 7.0% | ₹20,000 |
| FY 1975 – 76 | 7.0% | ₹20,000 |
| FY 1974 – 75 | 5.8% | ₹20,000 |
| FY 1973 – 74 | 5.3% | ₹20,000 |
| FY 1972 – 73 | 5.0% | ₹20,000 |
| FY 1971 – 72 | 5.0% | ₹15,000 |
| FY 1970 – 71 | 5.0% | ₹15,000 |
| FY 1969 – 70 | 4.8% | ₹15,000 |
| FY 1968 – 69 | 4.8% | ₹15,000 |
PPF Update So far
- Mar 31. 2023 : Public Provident Fund (PPF) will continue to yield 7.10 % interest rate from April to June 2023 quarter – Ministry of finance.
- Public Provident Fund (PPF) will continue to yield 7.10 % interest rate from April to June 2022 quarter – Ministry of finance.
- Dec 30, 2022 : PPF will yield an annual return of 7.1% for March quarter.
PPF Interest Rate History FAQs
PPF interest rate is calculated on a monthly basis but deposited at the end of the financial year.
Interest is calculated between the 5th and last day of a month. Therefore it is always advisable to invest in PPF on or before 5th day of every month to get maximum returns.
An individual can not have more than 1 PPF account as per PPF rules.
PPF offers up to Rs 1.5 lakh deduction on investment made in each financial year under section 80C of the Income-tax Act, 1961.
No. Partial withdrawals from PPF can be made from the 6th financial year.
| Official Website | Click Here |
| SSY interest rates history since inception | Click Here |
| NSC Interest Rate History 1989 to 2022 | Click Here |
| Post Office MIS interest rate history 1987 to 2022 | Click Here |
| SCSS interest rates history 2004 to 2022 | Click Here |
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