PPF Account Interest Rate in Central Bank of India

I want to know about the Public Provident Fund (PPF) Account of the Central Bank of India so can you please give me details about it? Also tell me about the Interest Rate of it?

[Quick Sam]

The Public Provident Fund Scheme the Central Bank of India is a statutory scheme of the Central Government of India

The Scheme is for 15 years.

Public Provident Fund Interest Rate is fixed by the Ministry of Finance, Government of India, annually, and at present is 8.7% compounded annually

The minimum deposit is 500/- and maximum is Rs. 1,50,000/- in a financial year.

One deposit with a minimum amount of Rs.500/- is mandatory in each financial year.

Central Bank of India PPF Account Application Form