Govt keeps interest rate on small savings schemes unchanged
The government announced that the interest rates on small savings schemes will remain unchanged for the third straight quarter, starting October 1, as per a finance ministry notification. Interest rates on Public Provident Fund, Post Office Savings Deposit and National Savings Certificate stand at 7.1%, 4% and 7.7%, respectively. The Sukanya Samriddhi Yojana will have an interest rate of 8.2%.