Current Affairs Government Schemes

Govt cuts interest rate on small savings schemes

Category : Government Schemes

  The GoI has reduced interest rates for small savings schemes by 10 basis points for the July-September quarter of the 2019-20 financial year. Some schemes that will fetch lower interest rates are Kisan Vikas Patra (7.6%), Public Provident Fund (7.9%), Sukanya Samriddhi Account (8.4%).
Source: The Live Mint


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