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2020 pandemic Government prevention

You can get a loan on PPF balance at 1%. Should you go for it?

2020 pandemic Government prevention
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As the PPF interest rates are revised on a quarterly basis, the government has recently notified the PPF rates down to 7.1% for the quarter ending June 2020 As we are witnessing job losses and salary cuts across sectors due to the nationwide lockdown imposed to prevent the spread of the pandemic COVID 19, many of you might be facing a cash crunch.

You may have to dip into your emergency fund and if you don’t have one, you might as well have to dip into your savings.Many of you may not be aware that you can avail a loan on your public provident fund (PPF) account balance by paying interest at the rate of 1%.

Although it may look like a very low rate of interest but as you will have to forgo the interest that you would have earned on the PPF

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India
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Brazil
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United Kingdom
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Deaths: 141 607
Recovered: 0
Russia
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Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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