Winners and losers among small savings plans
5 years, 9 months ago

Winners and losers among small savings plans

Live Mint  

A number of products from the stable of small savings schemes, whose rates are reviewed every quarter and some times reset by the government, help you save tax, and the start of a financial year is a good time for tax planning. At 8.7%, SCSS carries the highest interest rate among small savings schemes. The current rate of interest at 7.8% for this quarter is at the bottom of the tax-saving small saving schemes pile and the interest is fully taxable. The interest rate at 8% is on par with that of PPF and the tenure of five years is shorter than PPF.

Tax Interest Small Savings Schemes Rate Five Years Nsc Small Savings Scss Ppf  girl  schemes  tax  quarter  small  savings  losers  interest  tenure  ppf  plans  rate  winners

History of this topic

Latest interest for public, private & small finance banks
Trending News
3 days, 16 hours ago

Latest interest for public, private & small finance banks

Live Mint  

Fixed deposits offer a reliable, consistent long-term investment return, making it a preferred choice among conservative investors. A fixed deposit provides higher interest rates than a savings account, making it an attractive option for conservative investors. Check out the high FD rates offered by small finance, private and public banks. The highest rate on fixed deposits is offered by Unity …

Small savings schemes: Interest rates on PPF, SSY, SCSS remain unchanged for January-March quarter; Check rates
1 week, 2 days ago

Small savings schemes: Interest rates on PPF, SSY, SCSS remain unchanged for January-March quarter; Check rates

Live Mint  

Small savings schemes: The central government has kept the interest rates unchanged on various small savings schemes for the January-March quarter of the financial year 2024-25. According to an official notification by the finance ministry on Tuesday, December 31, the government left the interest rates unchanged on various small savings schemes, including PPF and NSC, for the fourth straight quarter …

2025 may ring in small savings rate cuts
1 week, 4 days ago

2025 may ring in small savings rate cuts

The Hindu  

Investors in small savings schemes should brace themselves for a year of interest rate cuts, and the first reduction in returns on these schemes may come as early as this week when the government resets rates for the January to March quarter. Although the PPF rate has remained unchanged since then, the Centre began hiking rates on other small savings …

Will Govt Increase Interest Rates Of Small Savings Schemes? Know Past Trends
4 months ago

Will Govt Increase Interest Rates Of Small Savings Schemes? Know Past Trends

News 18  

Small savings schemes in India are designed to provide individuals with safe and attractive options for saving money. Small Savings Scheme Interest Rate 2024 The government, in June, had decided to maintain the current interest rates on all small savings schemes for the July to September period. “The rates of interest on various small savings schemes for the second quarter …

PPF, Post Office Deposits, SSY: Govt Keeps Interest Rates Unchanged On Small Savings Schemes for Q2 FY25
6 months, 1 week ago

PPF, Post Office Deposits, SSY: Govt Keeps Interest Rates Unchanged On Small Savings Schemes for Q2 FY25

News 18  

The government on Friday kept the interest rates unchanged on small savings schemes, including Public Provident Fund, Sukanya Samriddhi Yojana, Senior Citizens Savings Schemes and post office time deposits, for July-September 2024, according to a notification by the finance ministry on Friday. Interest rates on small savings schemes like PPF, post office savings and term deposits, NSC and SSY, are …

Here are the latest interest rates of PPF, NSC, KVP, SSY and other small savings schemes from April 1 onwards
9 months, 1 week ago

Here are the latest interest rates of PPF, NSC, KVP, SSY and other small savings schemes from April 1 onwards

Live Mint  

Within fixed-income instruments, small savings schemes such as PPF, SSY, NSC, and KVP are quite popular among investors thanks to the fixed and assured returns they offer. Within fixed-income instruments, small savings schemes are the ones which are quite popular among the masses, and many investors opt for them for the fixed and assured returns they offer. {{^adFree}} {{/adFree}} It …

Interest rate for small savings schemes to remain unchanged for April-June 2024 quarter: Centre
10 months ago

Interest rate for small savings schemes to remain unchanged for April-June 2024 quarter: Centre

Hindustan Times  

The Finance Ministry on Friday announced the interest rates for small savings schemes for the upcoming quarter of April-June 2024, stating that the Centre has decided to keep the rates applicable to these schemes unchanged. The government announced that the interest rates for small savings schemes will remain unchanged In a memorandum issued on March 8, the Ministry of Finance …

Small Savings Schemes: What are the latest interest rates offered? Detailed comparison
10 months, 1 week ago

Small Savings Schemes: What are the latest interest rates offered? Detailed comparison

Live Mint  

Small savings schemes are financial instruments managed by the Central government to encourage households to inculcate the habit of saving. A lowdown on small savings scheme Post Office Savings Account: It can be opened by making a minimum deposit of ₹500 while minimum withdrawal amount is ₹50. The interest rate offered is 4 percent per annum on individual/ joint accounts …

In charts: Small savings, big fiscal challenge
1 year, 2 months ago

In charts: Small savings, big fiscal challenge

Live Mint  

The tendency of Indian households to persist with an old habit of risk-averse investment choices, and lean towards sovereign fixed-income schemes, doesn’t augur well for the Centre. Latest data on ‘small savings schemes’—the umbrella term for this basket of fixed-income schemes—shows a 2.5 times year-on-year increase in a scheme for senior citizens during the six-month period from April to September …

PPF returns 41 bps behind formula rates
1 year, 2 months ago

PPF returns 41 bps behind formula rates

The Hindu  

Returns on the Public Provident Fund, frozen at 7.1% since April 2020, should have been pegged at 7.51% for this quarter as per the formula-based rates regime for small savings schemes adopted in 2016, Reserve Bank of India calculations showed. Pre-poll hikes possible With government bond yields hardening over the past month, economists say there may be some room for …

Small Savings Schemes: Govt Likely To Keep Interest Rates Unchanged For October-December 2023, Says Expert
1 year, 4 months ago

Small Savings Schemes: Govt Likely To Keep Interest Rates Unchanged For October-December 2023, Says Expert

News 18  

Even as the interest rates on small savings schemes, including PPF, NSC and KVP, are reviewed every quarter, the government will revise interest rates on such schemes for October-December 2023 at the end of this month — September 29 or September 30. An expert said that going by the G-Sec yields trend, the interest rates on small savings schemes are …

Govt Raises Interest Rates On Small Savings Schemes By Up To 30 bps for July-Sept 2023; Latest Rates
1 year, 6 months ago

Govt Raises Interest Rates On Small Savings Schemes By Up To 30 bps for July-Sept 2023; Latest Rates

News 18  

The government on Friday hiked interest rates on some small savings schemes for the July-September 2023 quarter. It has increased 10 basis points on 1-year and 2-year post office time deposits to 6.9 per cent and 7.0 per cent, respectively, and raised 30 bps on 5-year recurring deposits to 6.5 per cent, according to an official statement. Latest Interest Rates …

All You Need To Know About Govt's Senior Citizen Savings Scheme
1 year, 8 months ago

All You Need To Know About Govt's Senior Citizen Savings Scheme

News 18  

The Senior Citizen Savings Scheme has been launched by the government to help elderly people save more money for their later years. Senior Citizen Savings Scheme investments receive 8.2% interest from banks and post offices. Seniors now have more investment options than ever, thanks to SCSS’s current interest rate of 8.2%, but those who opened accounts in the programme earlier …

No small change: on the raising of returns on small savings schemes
1 year, 8 months ago

No small change: on the raising of returns on small savings schemes

The Hindu  

Indian households’ financial surpluses parked in small savings schemes operated by banks and post offices got a significant fillip this quarter, with the government raising the returns on most such schemes by 0.1 to 0.7 percentage points. For October 2022 to December 2022, a mere 0.1 to 0.3 percentage hike was announced on just five of the dozen small savings …

Despite hikes, small savings scheme rates still to catch up
1 year, 8 months ago

Despite hikes, small savings scheme rates still to catch up

The Hindu  

Despite successive hikes in the interest rates on several small savings instruments in the last three quarters, the returns on five such schemes are still significantly lower than what they should have fetched as per the formula adopted for them. For the current quarter, interest rates on most small savings instruments were raised by 10-70 bps, barring the Public Provident …

Bank FD Vs Small Savings Schemes: Which Gives More Returns? PPF, NSC, SSY Latest Interest Rates
1 year, 9 months ago

Bank FD Vs Small Savings Schemes: Which Gives More Returns? PPF, NSC, SSY Latest Interest Rates

News 18  

Fixed deposits have been witnessing interest rate hikes since May last year as the RBI has raised 250 basis points in the key repo rate, thus prompting banks to raise the interest rates on FDs. Currently, HDFC Bank offers up to 7.1 per cent interest rates for the general public and up to 7.6 per cent rates for senior citizens. …

Govt Hikes Interest Rates On Small Savings Schemes By Up To 70 bps for April-June 2023; Latest Rates
1 year, 9 months ago

Govt Hikes Interest Rates On Small Savings Schemes By Up To 70 bps for April-June 2023; Latest Rates

News 18  

The government has increased interest rates on small savings schemes, including post office time deposit, Senior Citizen Savings Scheme and National Savings Certificate, by up 70 basis points, according to a circular issued by the finance ministry on Friday. According to the circular, the highest interest rate hike was made in the NSC from 7 per cent to 7.7 per …

Centre hikes interest rates on some small savings schemes by up to 70 bps
1 year, 9 months ago

Centre hikes interest rates on some small savings schemes by up to 70 bps

Live Mint  

The Central Government on 31 March hiked the rate of interests on various small savings schemes including Senior Citizen Savings scheme, Sukanya Samriddhi Account scheme, Monthly Income Savings scheme, National Savings Certificate, Kisan Vikas Patra, and all post office time deposits during the April to June quarter of financial year 2023-24. A look at new interest rates from next month …

Govt Likely To Revise Interest Rates For Senior Citizen Savings Scheme, Details Here
1 year, 9 months ago

Govt Likely To Revise Interest Rates For Senior Citizen Savings Scheme, Details Here

News 18  

The Central government is likely to revise the interest rate on the Senior Citizen Savings Scheme as the next revision of the interest rates on Small Savings Schemes is due by the end of this month. The senior citizens are also hopeful that the government may announce an increase in the SCSS interest rate along with the revised interest rate …

Bank FD vs Senior Citizen Savings Scheme (SCSS): Latest interest rates here
1 year, 10 months ago

Bank FD vs Senior Citizen Savings Scheme (SCSS): Latest interest rates here

Live Mint  

Bank FD vs SCSS: The Senior Citizen Savings Scheme was a big support for senior citizens during the covid pandemic when most of the banks were offering a low interest rate around 6% to senior citizens on long term fixed deposits.However, things have changed since May 2022 as banks have been hiking their interest rates on deposits as the Reserve …

Bank FD Vs PPF, NSC, Other Small Savings Schemes: Which Gives More Interest Rates? Check Comparison
1 year, 11 months ago

Bank FD Vs PPF, NSC, Other Small Savings Schemes: Which Gives More Interest Rates? Check Comparison

News 18  

The RBI MPC meeting, which is taking place between February 6-8, will announce its decision on the repo rate hike on Wednesday, February 8. Currently, HDFC Bank offers up to 7 per cent interest rates for the general public and up to 7.5 per cent rates for senior citizens. Following the hike, the bank is offering FD interest rates of …

Budget 2023: Government raises interest rate on Senior Citizens’ Savings Scheme to 8%; all you need to know
1 year, 11 months ago

Budget 2023: Government raises interest rate on Senior Citizens’ Savings Scheme to 8%; all you need to know

Live Mint  

Senior citizens have a lot to rejoice with as the Union Finance Minister Nirmala Sitharaman announced reforms in the Budget 2023, allowing senior citizens to save and invest more for their future. The maximum deposit level of the Senior Citizens' Saving Scheme has been enhanced from Rs 15 lakh to Rs 30 lakh. The Union Budget 2023 has proposed to …

Fixed deposit rates of banks touch 8 per cent after 3 years
2 years ago

Fixed deposit rates of banks touch 8 per cent after 3 years

India TV News  

For the first time in the past three years, senior citizens are seeing returns of 8 percent and more on fixed deposits. "Breaking an existing FD may be beneficial to some customers who have invested in FD that don't carry a penalty for premature withdrawal," said Gaurav Gupta, founder, and CEO of lending platform Money Wide, reports TOI. Since India's …

Senior citizens alert! interest rates go up on small savings schemes
2 years ago

Senior citizens alert! interest rates go up on small savings schemes

Live Mint  

Investors in small savings schemes have a reason to rejoice, especially if they are senior citizens. Interest rates on five small savings schemes—Senior Citizen Savings Scheme, National Savings Certificate, Monthly Income Savings Scheme, Kisan Vikas Patra and post office time deposits—have been hiked by 20-110 basis points for the January-March quarter. The 8% interest rate on SCSS is higher by …

PPF, KVP, Post Office Deposits; Check Latest Interest Rates On Small Savings Schemes
2 years, 3 months ago

PPF, KVP, Post Office Deposits; Check Latest Interest Rates On Small Savings Schemes

News 18  

Latest Interest Rates On Small Savings Schemes: After over two years of remaining unchanged, the government has revised upwards the interest rates on small savings schemes, including Kisan Vikas Patra and time deposits, up to 30 basis points for October-December 2022. Interest rates have been revised upwards for Kishan Vikas Patra, senior citizens savings scheme, monthly income account scheme, and …

Small savings rates raised by 10-30 bps; PPF, NSC excluded
2 years, 3 months ago

Small savings rates raised by 10-30 bps; PPF, NSC excluded

Deccan Chronicle  

New Delhi: After a gap of nine quarters, the central government on Thursday raised interest rates on a handful of small savings schemes that do not get income tax benefit. With the revision, a three-year time deposit with post offices would earn 5.8 per cent from the existing 5.5 per cent, for the third quarter of the current financial year. …

Small Savings Scheme: Will Govt Raise Interest Rates For October-December 2022?
2 years, 3 months ago

Small Savings Scheme: Will Govt Raise Interest Rates For October-December 2022?

News 18  

Interest rates on small savings schemes, including PPF, Sukanya Samriddhi Yojana and Senior Citizens Savings Scheme, have remained unchanged since the first quarter of 2020-21. A senior banker told news18.com that the government will monitor the country’s liquidity position and inflation before deciding on the interest rates of small savings schemes. The finance ministry had said, “The rates of interest …

PPF, NSC, Sukanya Samridhhi Account Offering Better Returns Than Bank FDs? Check Details
2 years, 3 months ago

PPF, NSC, Sukanya Samridhhi Account Offering Better Returns Than Bank FDs? Check Details

News 18  

Several banks have recently raised their interest rates on fixed deposits. Small savings schemes, including PPF, senior citizen savings scheme, National Savings Certificate and Sukanya Samriddhi Account Scheme, are currently offering interest rates up to 7.6 per cent, while major banks like PNB, SBI and HDFC Banks are providing an interest rate of around 6 per cent on FDs. The …

Small savings schemes – an island in an ocean of rising rates
2 years, 6 months ago

Small savings schemes – an island in an ocean of rising rates

Live Mint  

Expectations were high, and probably rightly so, that the Ministry of Finance would announce a hike in the small savings scheme interest rates. Small savings schemes include many popular schemes such as the Post Office time deposits, the Public Provident Fund, the Senior Citizen Savings Scheme and the National Savings Certificate, among others. Deposit rates rising Ever since the Reserve …

PPF, NSC, Other Small Savings Schemes Interest Rates Kept Unchanged For July-September
2 years, 6 months ago

PPF, NSC, Other Small Savings Schemes Interest Rates Kept Unchanged For July-September

News 18  

The central government on Thursday decided to keep interest rates unchanged on small savings schemes, including Sukanya Samriddhi Yojana, Senior Citizens Savings Scheme or Public Provident Fund, for the July-September 2022 quarter. The post office savings deposits will now continue to offer an interest rate of 4 per cent per annum. National Saving Certificates and Kisan Vikas Patra are currently …

EPF Interest At 4-Decade Low: Here're Current Rates Offered By PPF, NSC, Kisan Vikas Patra
2 years, 7 months ago

EPF Interest At 4-Decade Low: Here're Current Rates Offered By PPF, NSC, Kisan Vikas Patra

News 18  

The government has ratified a four-decade-low interest rate of 8.1 per cent on employees’ provident fund deposits for 2021-22. Post office savings deposits offer an interest rate of 4 per cent per annum, while time deposits of the tenure 1-3 years offer 5.5 per cent per annum. National Saving Certificates and Kisan Vikas Patra are offering annual interest rates of …

National Savings Certificate Scheme Offers More Returns Than FDs: Key Features, Eligibility
2 years, 8 months ago

National Savings Certificate Scheme Offers More Returns Than FDs: Key Features, Eligibility

News 18  

At a time when there are global uncertainties amid the COVID-19 pandemic and the Russia-Ukraine war, stock markets are volatile and investors are also looking at safe investment avenues. This scheme is part of small savings schemes whose interest rates are revised every quarter as per changes in the bond yields. Recently, the government kept the interest rates on small …

PPF, Senior Citizen Savings Scheme Offering Better Returns Than Bank FDs? Know In Details
2 years, 8 months ago

PPF, Senior Citizen Savings Scheme Offering Better Returns Than Bank FDs? Know In Details

News 18  

Even as fixed deposits are now giving slightly more returns than earlier since several banks have recently raised their interest rates on them, small savings schemes are still offering more attractive returns. The returns on small savings schemes, such as PPF, senior citizen savings scheme, National Savings Certificate and Sukanya Samriddhi Account Scheme, range between 4 per cent and 8.1 …

PF, PPF, Senior Citizen Scheme Interest for This Quarter: Know Rates Before Investing
3 years, 3 months ago

PF, PPF, Senior Citizen Scheme Interest for This Quarter: Know Rates Before Investing

News 18  

Bringing a good news for investors, the government has kept the post office small savings schemes interest rates unchanged for the October-November-December 2021 quarter. The interest rate on PPF remains at 7.1 per cent per annum while for the Senior Citizen Savings Scheme, the interest rate is 7.4 per cent per annum. The 5-year Monthly Income Account Scheme is offering …

Best Bank FD Interest Rates: Up to 6.75% Return on Fixed Deposits in a Year. Full List
3 years, 5 months ago

Best Bank FD Interest Rates: Up to 6.75% Return on Fixed Deposits in a Year. Full List

News 18  

Fixed deposits are a very favourable form of investment for many people thanks to its nature of being a risk-free instrument in the financial market. Utkarsh Small Finance Bank: As of July 1, 2021, The Utkarsh Small Finance Bank provides a 1-year fixed deposit rate for regular citizens which stands at 6.50 per cent per annum. Ujjivan Small Finance Bank: …

PPF, Sukanya Samriddhi, NSC Interest Rates Remain Unchanged for Next Quarter
3 years, 6 months ago

PPF, Sukanya Samriddhi, NSC Interest Rates Remain Unchanged for Next Quarter

News 18  

Finance ministry has kept the interest rates on small saving schemes such as Public Provident Funds, Senior Citizens Saving Schemes, National Saving Certificate, Kisan Vikas Patra unchanged for the July-September quarter. Among the other small savings schemes, the Sukanya Samriddhi Yojana will now attract an interest of 7.6 per cent per annum. For deposits accounts with five years tenure, individuals …

PMVVY vs SCSS: Key things that senior citizens must know
3 years, 7 months ago

PMVVY vs SCSS: Key things that senior citizens must know

Live Mint  

PMVVY vs SCSS: Amid lowering fixed deposit interest rates at leading Indian banks, senior citizens are busy finding out better risk-free investment option. Speaking on Senior Citizen Saving Scheme vs PMVVY Kartik Jhaveri, Director — Wealth Management at Transcend Consultants said, "Both SCSS and PMVVY yields 7.4 per cent annual interest rate. Since, there are speculations that Government of India …

Government withdraws cut in interest rates on PPF, NSC and other small savings schemes
3 years, 9 months ago

Government withdraws cut in interest rates on PPF, NSC and other small savings schemes

India TV News  

The Central government has rolled back cuts on interest rates on small savings schemes. "Interest rates of small savings schemes of the Government of India shall continue to be at the rates which existed in the last quarter of 2020-2021, ie, rates that prevailed as of March 2021. While the interest on savings deposit was cut from 4 per cent …

'Issued by Oversight': Govt Rolls Back Small Savings Rate Cut Within Hours, Interest to be Same as Last FY
3 years, 9 months ago

'Issued by Oversight': Govt Rolls Back Small Savings Rate Cut Within Hours, Interest to be Same as Last FY

News 18  

The government on Thursday morning rolled back the cut on interest rates on small savings schemes. “Interest rates of small savings schemes of GoI shall continue to be at the rates which existed in the last quarter of 2020-2021, ie, rates that prevailed as of March 2021. The ministry said the rate cuts “are in line with overall interest rate …

Govt cuts interest rates on small savings schemes, PPF hits 46-year low of 6.4%
3 years, 9 months ago

Govt cuts interest rates on small savings schemes, PPF hits 46-year low of 6.4%

India Today  

The Finance Ministry on Wednesday announced a sharp cut in interest rates for small savings schemes for the first quarter of the financial year 2021-22. The interest rate for National Savings Certificate was also slashed to 5.9 per cent from 6.8 per cent, while Sukanya Samriddhi Account’s scheme has been from 7.6 per cent to 6.9 per cent. As per …

Here's a List of Small Saving Schemes in Fixed Income Group
3 years, 11 months ago

Here's a List of Small Saving Schemes in Fixed Income Group

News 18  

There’s good news for those sticking to their small saving schemes as the government has decided to keep the interest rates stagnant. A government circular confirming that the interest rates on small savings schemes will remain unchanged until the end of the financial year 2020-21, was released on December 31. As per that, Public Provident Fund will fetch 7.1 percent …

PPF, SSY and Kisan Vikas Patra: What are 'Small Saving Schemes' and their Importance?
4 years, 1 month ago

PPF, SSY and Kisan Vikas Patra: What are 'Small Saving Schemes' and their Importance?

News 18  

The general excuse for most middle-class families for not saving enough is that the earning is not remotely enough that one can think about stashing something away as savings. It is for these people we have the Small Savings Schemes like the Sukanya Samridhi Yojana, Public Provident Fund, Kisan Vikas Patra and National Savings Certificate. This scheme provides a maximum …

Govt Keeps Interest Rates on Small Savings Schemes Unchanged for Oct-Dec Quarter
4 years, 3 months ago

Govt Keeps Interest Rates on Small Savings Schemes Unchanged for Oct-Dec Quarter

News 18  

The government on Wednesday kept the interest rates on small savings schemes, including PPF and NSC, unchanged for the October-December quarter amid moderating bank deposit rates. Public Provident Fund and National Savings Certificate will continue to carry an annual interest rate of 7.1 per cent and 6.8 per cent, respectively. Later, a finance ministry notification said the rates of interest …

PPF rates remain unchanged. Sukanya Samriddhi continues to fetch 7.6%
4 years, 6 months ago

PPF rates remain unchanged. Sukanya Samriddhi continues to fetch 7.6%

Live Mint  

The government today kept interest rates unchanged for small savings schemes, including that of popular Public Provident Fund or PPF, for the July-September quarter despite a fall in the interest rate in the overall financial system. Among the small savings schemes Sukanya Samriddhi Account will fetch the highest interest rate, at 7.6%. Latest Small Savings Schemes Interest Rate Latest Small …

Here’s The Impact Of Rate Cut On PPF And Other Small Savings Schemes
4 years, 9 months ago

Here’s The Impact Of Rate Cut On PPF And Other Small Savings Schemes

ABP News  

New Delhi: In a recently held emergency meeting the Reserve Bank of India slashed its benchmark repurchase rate by 75 basis points and its reverse repurchase rate by 90 basis points. Now, girl child savings scheme Sukanya Samriddhi Yojana will earn a lower rate of 7.6 per cent, against 8.4 per cent earlier. NSC: The rate cut has brought down …

Will PPF, SCSS lose sheen without the tax benefits?
4 years, 10 months ago

Will PPF, SCSS lose sheen without the tax benefits?

Live Mint  

The retail investment space has seen a churn in the last few weeks on the back of Budget 2020 and actions by the Reserve Bank of India. Investors now have the choice whether or not to avail of tax deduction benefits available on small savings schemes that have formed the backbone of debt portfolios for most. Small savings schemes, which …

Interest on PPF, other small savings schemes may come down
4 years, 11 months ago

Interest on PPF, other small savings schemes may come down

Live Mint  

New Delhi: A top government official has hinted that there could be some moderation in small savings rates going forward in line with market rate. For this quarter, January to March, the government had kept interest rates steady on small savings schemes, including PPF, despite moderating bank deposit rates. "In India, right now we have about ₹12 lakh crore in …

Interest rate on PPF, Sukanya Samriddhi, other small savings schemes may fall further
5 years, 5 months ago

Interest rate on PPF, Sukanya Samriddhi, other small savings schemes may fall further

Live Mint  

The interest rate on small savings schemes like Public Provident Fund and other small savings schemes like Senior Citizen Savings Scheme and Sukanya Samriddhi Yojana may be poised for further cuts in subsequent quarters, say experts. Small savings rates are pegged to government bond yields and for the latest July-September quarter, the government had earlier lowered interest rates on PPF …

PPF, other small savings schemes to fetch lower interest but still remain attractive
5 years, 6 months ago

PPF, other small savings schemes to fetch lower interest but still remain attractive

Live Mint  

The interest rates on public provident fund and other small savings instruments have been cut in the wake of falling interest rate across the financial system. Barring interest on savings deposits, which has been retained at 4% annually, the government today reduced interest rate on small savings schemes, including NSC and PPF, by 10 basis points for the July-September quarter. …

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