[TO BE PUBLISHED IN THE GAZETTE OF INDIA: EXTRAORDINARY, PART II-SEC. 3 (i)]
MINISTRY OF FINANCE
New Delhi, the 25th November, 2011
(Department of Economic Affairs)
NOTIFICATION
S.O. (E).– In pursuance of section 5 of the Public Provident Fund Act, 1968 (23 of 1968) the Central Government hereby notifies that the subscriptions made to the fund on or after the 1st day of December, 2011 and balances at the credit of the subscriber shall bear interest at the rate of 8.6 per cent. per annum.
[F. No. 1/9/2011-N5.11]
A. Khan,
Under Secretary
Note:- The Principal notification was published in the Gazette of India vide number S.O. 48(E) dated 15th January, 2000 and subsequently amended vide S.O. 192(E) dated 1st March 2011, S.O. 271(E) dated 1st March, 2002 and S.O. 250(E) dated 1st March, 2003.
Does that mean , if you have opened a PPF account on 31st Nov you will get only 8.0 % interest?