Interest rates of small savings schemes have not been changed. In the fixed income space, the PPF rate is one of the highest. Here are a few things to know about this scheme.
1. Interest rate is assured but not fixed
The interest rate offered on the PPF is not fixed but linked to the 10-year government bond yield. The rate doesn’t change on a day-to-day basis but is fixed at the beginning of a quarter based on the average bond yield in the previous three months.
I have Rs 12 lakh in surplus. Should I prepay my home loan or invest for monthly income of Rs 25-30k?
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