Post office savings, PPF to fetch better returns from Dec 1


PPF account holders, small depositors and persons keeping money in the schemes operated by post offices, will get higher rate of return from December 1, 2011. The Government today notified increase in interest rates on public provident fund (PPF) to 8.6 per cent from 8 per cent now, and also raised ceiling on annual contributions to the fund to Rs 1 lakh from Rs 70,000.
http://www.thehindubusinessline.com/industry-and-economy/banking/article2656990.ece

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