Start will be sweeping. The government has reduced by 0.1 per cent interest rate on deposits in small savings schemes, including PPF. The new rates will be effective from tomorrow. That was the direct meaning, since you'll have to apply providanta Public Provident Fund (PPF), Kisan Vikas Patra, and Sukanya prosperity Senior Citizen Savings Account scheme of this reduction in interest rates. According to the new rules will have an interest rate of 7.9 per cent on the PPF. This was analogous to an 8 per cent interest until March 31.

The interest will be 7.6 per cent above the Kisan Vikas Patra. While the 5-year benchmark interest rate will be 8.4 per cent, at the Senior Citizen Savings Scheme. On the other hand, the rate will be 7.9 per cent above the age of 5 mudatavala National Savings Certificate. Deposits for a term from 1 year to 5 years, depending on the interest rate will be between 6.9 and 7.7 per cent of its paid quarterly. Recurring interest rate will be 7.2 per cent.

The government has reduced to 8.4 percent from 7.6 percent at the Kisan Vikas Patra and senior citizens savings rate of 0.1 percent. The PPF will be 7.9 per cent. The interest rate has been reduced to 3 months June 2017-18 April. Now the banks will reduce interest rates. If the 4 percent interest rate on a savings account is retained. From the Ministry of Finance has issued a notification in this regard.
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