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Will PPF interest rate be finally hiked in 2024 after remaining unchanged since April 2020?

PPF, Senior Citizen Savings Scheme, and Sukanya Samriddhi Account: Interest rates of small savings schemes are due for revision at the end of this month. The interest rates of small savings schemes are linked to yields of 10-year Government Securities in the secondary market. There are set formulae for mark-ups over the previous three months average yield of relevant G-Secs of comparable maturity. Let s see if you are in for a New Year bonanza from the Central Government this time. ....

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