The interest rates on Small savings ( PPF , NSC and Post Office Savings ) will be lowered from 1 April this year.
The Govt has decided to align the interest rates with market rates and revise them on a quarterly basis.
The reduction in rates will be about 0.6 to 1.3 % { now offers 8.6 to 9.3 % against Bank deposits offering 5 % and 8 % depending on the tenure of deposit )
The Govt has decided to align the interest rates with market rates and revise them on a quarterly basis.
The reduction in rates will be about 0.6 to 1.3 % { now offers 8.6 to 9.3 % against Bank deposits offering 5 % and 8 % depending on the tenure of deposit )
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