Public Provident Fund — Low rate of interest

Address:

Gujarat

In todays scenerio rate of interest is increased to mitigate the effect of inflation. Banks are allowing interest on deposits for more than 9%. Even EPF rate is increased to 9.5%. My humble suggestion is that the Government should also increase interest rate on PPF form present 8% to more than 9% than only general public who do not have EPF account can take the benefit of the scheme to full extent.