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Interest On PPF, NSC Cut By 0.1%

PUBLISHED BY: SURENDER KUMAR
MARCH 25, 2013

   
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The interest rates on Public Provident Fund (PPF), 5-year and 10-year National Savings Certificates (NSC) have been slashed by 0.1 % each from April 1. The interest rate on PPF will be 8.6 %, on 5-year NSC 8.5 % and on 10-year NSC 8.8 %.

 

 

The interest rate on 5-year postal Recurring Deposits has also been reduced to 8.3 % but the savings deposit rate is unchanged at 4 %.


 

In pursuance of the report of the Shyamala Gopinath Committee for Comprehensive Review of National Small Savings Fund (NSSF), the interest rates on small saving schemes are to be notified every financial year, before 1st April.
 



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