Interest rate on PPF, Sukanya Samriddhi, other small savings schemes may fall further2 min read 10 Jul 2019, 08:46 AM IST
Interest rates on PPF, Senior Citizen Savings Scheme and Sukanya Samriddhi Yojana were cut for July-September quarter
Analysts say with bond yields poised to remain on a softening trend, interest rates on small savings schemes may fall further
The interest rate on small savings schemes like Public Provident Fund (PPF) 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. The bond markets have reacted positively to the Budget proposals and yields have softened to over one-year lows. 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 and other post office savings schemes by 10 basis points.