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Interest on PPF, NSC left unchanged; cut by 0.25% on Kisan Vikas Patra, 5-year RD

Interest on PPF, NSC left unchanged; cut by 0.25% on Kisan Vikas Patra, 5-year RD

Government on Tuesday cut interest rates on small savings of 1, 2, 3 year term deposits; Kisan Vikas Patra and 5-year Recurring Deposit by 0.25 percent.

 

Short term savings schemes to fetch lower returns from April

Short term savings schemes to fetch lower returns from April

Its bad news for investors! The interest rates on small savings schemes like NSC and some post office schemes with maturity up to five years are set to fall from April onwards.

PPF, post office small savings interest rates cut by 0.1%

Millions of small savers and PPF account holders will earn less on their post office savings schemes, with the government deciding to reduce interest rates on them marginally by 0.10 percent.