POST OFFICE, PPF DEPOSITS TO FETCH MORE
POST OFFICE, PPF DEPOSITS TO FETCH MORE
New Delhi: The government on Monday announced a 20-50 basis point increase in inter5est rate on small savings schemes such as public provident funds, post office deposits and National Savings Certificate (100 basis points equal one percentage point). Following the increase, which will be applicable from April 1, deposits in your PPF account will fetch 8.8% a year compared to 8.6% at present, while 10 year NSCs will earn you 8.9% instead of 8.7%.
New Delhi: The government on Monday announced a 20-50 basis point increase in inter5est rate on small savings schemes such as public provident funds, post office deposits and National Savings Certificate (100 basis points equal one percentage point). Following the increase, which will be applicable from April 1, deposits in your PPF account will fetch 8.8% a year compared to 8.6% at present, while 10 year NSCs will earn you 8.9% instead of 8.7%.
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