PPF rate may rise but do we have money to save?

The proposed rise in the rate of interest on public provident fund (PPF) brings cheers among common people, who are grappling with the sharp increase in their monthly expenditure due to high rate of inflation. Delving deep, one however, needs to understand that this measure is no cushion to inflation demon, said financial experts.

June 09, 2011 / 15:56 IST

Saikat Das
Moneycontrol.com

Talks of a rise in the rate of interest on public provident fund (PPF) is bound to cheer up the common man, who would want to freeze their long term money at elevated interest rates. "On the face of spiralling inflation, do investors save to park more money in PPF?" is the question raised by financial experts.

first published: Jun 9, 2011 12:57 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347