Banking News

Interest rate on small saving schemes remain unchanged

The Government has kept interest rates on small savings schemes like PPF and Kisan Vikas Patra unchanged for the quarter January-March 2017  even as banks have started lowering their deposit rates.On the basis of the decision of the government, interest rates for small savings schemes are to be notified on a quarterly basis,” the ministry communication said that the interest rates for the fourth quarter of 2016-17 starting from January 1, 2017, and ending on March 31, 2017.
To know the latest interest rates of 5 year Senior Citizen Saving Scheme,5 year Monthly Income Account Scheme,5 years NSC, PPF (Public Provident Fund), KVP (Kissan Vikas Patra), Sukanya Samriddhi Account Scheme etc.

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