PPF Interest Rate History (2000-2026)
Complete year-by-year record of Public Provident Fund interest rates declared by the Government of India.
Source: National Savings Institute (NSI), Ministry of Finance notifications · Last updated: September 2026
Current PPF rate (FY 2025-26)
7.1% p.a.
Compounded annually. Unchanged since Q1 FY 2020-21 (April 2020).
12%
Highest ever rate
At PPF launch in 1968
8.8%
Recent high
FY 2012-13
7.1%
Current (since Apr 2020)
Unchanged for 5+ years
Year-by-year rates
| Period | Interest Rate |
|---|---|
| FY 2025-26 (Q1-Q4) | 7.1% |
| FY 2024-25 (Q1-Q4) | 7.1% |
| FY 2023-24 (Q1-Q4) | 7.1% |
| FY 2022-23 (Q1-Q4) | 7.1% |
| FY 2021-22 (Q1-Q4) | 7.1% |
| FY 2020-21 (Q1) | 7.1% |
| FY 2019-20 (Q2-Q4) | 7.9% |
| FY 2019-20 (Q1) | 8.0% |
| FY 2018-19 (Q3-Q4) | 8.0% |
| FY 2018-19 (Q1-Q2) | 7.6% |
| FY 2017-18 (Q3-Q4) | 7.8% |
| FY 2017-18 (Q2) | 7.8% |
| FY 2017-18 (Q1) | 7.9% |
| FY 2016-17 (Q3-Q4) | 8.0% |
| FY 2016-17 (Q2) | 8.0% |
| FY 2016-17 (Q1) | 8.1% |
| FY 2015-16 | 8.7% |
| FY 2014-15 | 8.7% |
| FY 2013-14 | 8.7% |
| FY 2012-13 | 8.8% |
| FY 2011-12 | 8.6% |
| FY 2010-11 | 8.0% |
| FY 2009-10 | 8.0% |
| FY 2008-09 | 8.0% |
| FY 2007-08 | 8.0% |
| FY 2006-07 | 8.0% |
| FY 2005-06 | 8.0% |
| FY 2004-05 | 8.0% |
| FY 2003-04 | 8.0% |
| FY 2002-03 | 9.0% |
| FY 2001-02 | 9.5% |
| FY 2000-01 | 11.0% |
Rates are compounded annually and paid on the balance held on the last day of each month. PPF rates moved to quarterly revision from Q1 FY 2016-17.
How the PPF rate is set
The PPF interest rate is set by the Ministry of Finance, Government of India. Since FY 2016-17, rates are reviewed and declared quarterly (though in practice, the PPF rate has been unchanged since April 2020). The rate is linked to government security (G-Sec) yields - specifically, PPF is meant to offer a spread of 0.25% above the average yield of comparable government bonds.