Will PPF interest rate be finally hiked in 2024 after remaining unchanged since April 2020?
Last Update Date: 06-10-2026
Published by The Economic Times
Abhishek Kumar's role: Quoted
Abhishek Kumar said a PPF rate revision for the January–March 2024 quarter looked very unlikely given recent bond yields, though the coming election could lead the government to surprise small savers with a small increase.
More of Abhishek's views on saving and deposits
Ahead of the quarterly review of small savings rates, the article explains how PPF, SCSS and SSY rates are linked to government bond yields, and why the PPF rate has stayed unchanged since April 2020 despite the formula pointing higher. It weighs the chances of a hike for January–March 2024.
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Will PPF interest rate be finally hiked in 2024 after remaining unchanged since April 2020?