PPF, small saving schemes to yield up to 1.4% less

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PPF, small saving schemes to yield up to 1.4% less

Apr 01, 2020 11:08 IST

The government on Tuesday sharply cut interest rates on small savings scheme by up to 1.4% for April-June quarter after the RBI reduced repo rate to its lowest since 2004. As per the revised rates, the PPF will fetch an interest rate of 7.1%, down from 7.9% earlier. The government slashed the National Savings Certificate (NSC) rate from 7.9% to 6.8%. The rate on Kisan Vikas Patra has been slashed from 7.6% earlier to 6.9%.

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