Govt slashes rates on small savings schemes by up to 1.1%
The Hindu
The government on Wednesday cut interest rates on small savings schemes, including NSC and PPF, by up to 1.1% for the first quarter of 2021-22 in line with falling fixed deposit rates of banks.Interes
The government on Wednesday cut interest rates on small savings schemes, including NSC and PPF, by up to 1.1% for the first quarter of 2021-22 in line with falling fixed deposit rates of banks. Interest rate on Public Provident Fund (PPF) has been reduced by 0.7% to 6.4% while National Savings Certificate (NSC) will now earn 0.9% less at 5.9%. Interest rates for small savings schemes are notified on a quarterly basis.
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