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No change in small savings rates for July-Sept quarter


Those who have invested in small savings schemes have heave a sigh of relief. Although the yield on dated Government Securities is seeing a downtrend, the Government has decided to keep the interest rate on small saving schemes such as National Saving Certificates (NSC) and Public Provident Fund (PPF) unchanged for three months starting Wednesday.

Not changing the rate is critical as it will help more money to be collected under small savings. This will in turn help the Government to borrow more from small savings funds. It also needs to be noted that last week, the Government had decided ...


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