PPF, other small savings schemes see big interest rate cuts1 min read 31 Mar 2020, 08:06 PM IST
Govt cuts small savings interest rates for April-June by 70-140 bps
PPF to fetch 7.1% while NSC will fetch 6.8% after rate cuts of 80 bps and 110 bps, respectively
The interest on small savings scheme fell on Tuesday as the Reserve Bank of India’s (RBI) has cut its policy rates. The government revised the interest rates on small savings scheme for April-June by anywhere between 70-140 bps.
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