Tuesday, November 12 2019

June 30, 2019

Cuts in interest rate on small savings schemes

New Delhi- Interest rate on small savings schemes, including the National Savings Certificate and Public Provident Fund has been reduced by the Govt by 0.1 per cent for the July-September quarter.Ministry of finance said in a statement that on the basis of the decision of the government, interest rates for small savings schemes are to be notified on a quarterly basis.At present, the interest rate on KVP is 7.7 per cent and maturity is 112 months.