Govt may cut interest rate on PPF, NSC, Senior Citizen Saving Scheme & Sukanya Samriddhi Yojana

The government is likely to reduce the interest rate on small savings schemes, a senior government official told CNBC-TV18. This move is likely to affect interest rates of Public Provident Fund (PPF), National Savings Certificate (NSC), Senior Citizen Saving Scheme (SCSS) Sukanya Samriddhi Yojana (SSY) and other small savings schemes. “The gap between the repo rate …

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