Thursday, April 22News That Matters

Tag: slashes

Government Slashes Curiosity Charges On Exiguous Savings Schemes; PPF Price Reduced To 6.4%

The Centre on Wednesday slashed hobby charges of various small financial savings schemes including these of the public provident fund (PPF) plan and the National Savings Certificate (NSC). The original hobby charges will come into power from the original monetary year origin on April 1. The hobby payment on PPF has been cleave down to 6.4 p.c from 7.1 per cent, whereas for the first time the velocity for the financial savings deposit has been lowered to three.5 from 4.0 per cent. Right here's the first time in 46 years that the hobby payment of the PPF has long gone under the 7 per cent-imprint. The National Savings Certificate (NSC) will now beget 0.9 per cent much less at 5.9 per cent. Curiosity charges for small financial savings schemes are notified...