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Current Interest Rates

Stay updated with the latest interest rates for PPF, EPF, Fixed Deposits, and other investment instruments in India.

Last updated: 1 April 2024 • Rates sourced from official government and bank websites
7.1%
PPF Rate
8.25%
EPF Rate
6.8%
NSC Rate
2.5%
SGB Rate
Government Schemes

Public Provident Fund (PPF)

15-year tax-free investment with EEE benefits

Minimum:₹500
Maximum:₹1.5 lakhs/year
7.1%
Current Interest Rate
Valid from: 1 April 2024
Updated: 1 April 2024

Key Features

  • Tax deduction under 80C
  • 15-year lock-in period
  • Tax-free returns
Retirement

Employee Provident Fund (EPF)

Retirement savings for salaried employees

Minimum:12% of salary
Maximum:No limit
8.25%
Current Interest Rate
Valid from: 1 April 2024
Updated: 1 April 2024

Key Features

  • Employer matching contribution
  • Tax-free withdrawals
  • Compound interest
Government Schemes

National Savings Certificate (NSC)

5-year tax-saving fixed income instrument

Minimum:₹1,000
Maximum:No limit
6.8%
Current Interest Rate
Valid from: 1 April 2024
Updated: 1 April 2024

Key Features

  • 80C tax deduction
  • 5-year maturity
  • Compound interest
Alternative Investment

Sovereign Gold Bonds (SGB)

Government issued gold investment bonds

Minimum:1 gram
Maximum:4 kg/individual
2.5%
Current Interest Rate
Valid from: 1 January 2024
Updated: 1 January 2024

Key Features

  • No storage cost
  • Additional interest
  • Capital gains tax exempt
Bank Deposits

Fixed Deposit (SBI)

Safe investment with guaranteed returns

Minimum:₹1,000
Maximum:No limit
7%
Current Interest Rate
Valid from: 1 January 2024
Updated: 1 January 2024

Key Features

  • DICGC insured
  • Flexible tenure
  • Regular income option

Rate Comparison

InstrumentCurrent RateLock-in PeriodTax StatusRisk Level
PPF7.1%15 yearsTax-freeVery Low
EPF8.25%Till retirementTax-freeVery Low
NSC6.8%5 yearsTaxableVery Low
SGB2.5%*8 yearsTax-free**Medium
Bank FD7%1-10 yearsTaxableVery Low

* SGB rate is additional to gold price appreciation
** Capital gains tax-free if held till maturity for individuals

📊 Understanding Interest Rate Changes

Interest rates are reviewed periodically by respective authorities. PPF and NSC rates are typically reviewed quarterly by the Government of India. EPF rates are decided annually by the EPFO. Bank FD rates change based on monetary policy and market conditions.

Plan Your Investments

Use our calculators to compare returns and plan your investments based on current interest rates and your financial goals.