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Govt reduces interest on small savings schemes
National

Govt reduces interest on small savings schemes

Agency News

New Delhi, Jun 28 : The government on Friday reduced the rates of interest on small savings schemes.by 0.1 per cent for the July-September quarter.These include the savings schemes like the Public Provident fund, the National Savings Scheme and the Sukanya Samridhi Yojana.

While interest on savings deposits, which has been retained at 4 per cent annually, rate on all other schemes has been slashed by 0.1 per cent. The interest on PPF has been reduced from 8 per cent to 7.9 per cent while that of the Sukanya Samridhi account scheme has been reduced from 8.5 per cent to 8.4 per cent.
UNI