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Interest Rates On Small Savings Cut, PPF Down From 7.1% To 6.4%

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Interest rates on small savings received a huge cut on Wednesday with the government announcing interest on savings deposit will now be down from 4 per cent to 3.5 per cent annually, while Public Provident Fund or PPF will be down from 7.1 per cent to 6.4 per cent. From 1 April, National Savings Certificate (NSC) will get an interest of 5.9 per cent and the Sukanya Samriddhi Yojana will fetch an interest rate of 6.9 per cent.

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Category
Asia
Tags
NDTV 24x7, Interest rate, Cut on interest rate
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