Thursday, 5 February 2015

A Comment on increase in lock-in period of PPF and higher interest offer

My Comment on an article "Government may increase lock-in period for PPF; to offer higher interest rate for 20 year tenure" published in the Dated 04/02/2015 at 10:45 pm.

"It is a good way of funding for long term projects of funding. 

On the one hand, you are offering incentives to the depositors to invest more money in Fixed deposits and Public Provident Funds by offering higher rates of interest. And simultaneously creating funds for government as the depositors will hesitate to break their deposits in fear of losing lucrative interest amounts. 

So it will be a better proposal for both the depositor as well as the government."

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