PPF, Sukanya, NSC Holders Terrible Update: News for those investing in PPF, Sukanya, NSC! Government took a big decision on interest rates

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new Delhi. The government has given the New Year a gift to the common people. The government has not made any changes in the interest rates on its Small Saving Scheme for the last quarter of the current financial year. Despite the softening in the bank deposit rate, the interest rates have been kept unchanged for the last quarter of 2019-20 on various small saving schemes like the National Savings Letter (NSC), Public Provident Fund (PPF) of the government. This information has been given in a notification issued by the Finance Ministry on Tuesday. It states that interest on PPF and NSC will remain at the rate of 7.9% per annum. That’s where



Interest rates are notified on a quarterly basis on the government’s small savings schemes. The Ministry’s notification states that the interest rates on various small savings schemes will remain at the same level for the fourth quarter ending January 1, 2020, starting on January 1, 2020, for the third quarter of FY 2019-20. Was notified It states that the interest rate on the 5-year Senior Citizen Savings Scheme has been retained at 8.6%.

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Current interest rates of small savings schemes 

>> Public Provident Fund (PPF interest rate): 7.9%

>> Sukanya Samriddhi Scheme Interest Rate: 8.4%

>> Senior Citizens Savings Scheme Interest Rate: 8.6%

>> National Savings Certificates (National Savings Certificate (NSC) Interest Rate): 7.9%

>> Kisan Vikas Patra (Kisan Vikas Patra (KVP) Interest Rate): 7.6%

>> National Savings Monthly Income Account (Monthly Income Scheme Account, MIS Interest Rate): 7.6%

>> National Savings Recurring Deposit Account Interest Rate: 7.2%

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