Govt cuts interest rate on small savings schemes by 0.1 pc, effective July 1
The government Friday reduced interest rate on small savings schemes, including NSC and PPF, by 0.1 per cent for the July-September quarter. The move is aimed at matching the softening of interest rates in the banking sector since the RBI cut its benchmark policy rate thrice during the year.
READ MORE:
Other Personal Finance News Videos
Standard deduction to HRA exemption: Expectations for salaried & professional taxpayers | Budget 3.O
RBI urges caution on rising personal loans, tells Banks & NBFCs to look for signs of nascent stress
RBI hikes UCBs Gold Loan limit for bullet repayments, announces new card tokenisation channel
Government planning micro insurance cos to increase penetration in the sector; to amend Insurance Act
Safeguard your net banking account against fraud