Good news may come for PPF investors

PPF: Public Provident Fund or PPF is a part of small savings scheme, which is a long-term investment option and by investing in it, a big fund can be created in the future. This is a tax free scheme and in this you can deposit up to Rs 1.5 lakh annually.
The government is giving 7.1 percent interest under the PPF scheme. The maturity period in this is 15 years and it can be extended up to 25 years in five years. The minimum amount of investment in PPF is Rs 500.
Over the last few quarters, the government has increased the interest on fixed deposits, RD, NSC and other schemes under the small savings scheme, but there has been no change in the interest on PPF since April 2020.
In such a situation, PPF investors hope that its interest rate can be increased under the small savings scheme. However, experts do not believe so.