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The Centre on Monday (September 30, 2024) made up our minds to conserve the similar fee of go back on little financial savings schemes for the October to December quarter, marking the 3rd successive quarter of condition quo on their charges.
The rates of interest on little financial savings schemes corresponding to Folk Provident Investmrent (PPF) and Nationwide Financial savings Certificates (NSC) are reset each and every quarter as consistent with a formulation connected to the handovers on govt securities of related maturities.
The PPF fee has been frozen at 7.1% since April 2020. The go back on Sukanya Samriddhi Account Scheme, which is tax-free like PPF, was once raised to eight.2% previous this occasion.
Printed – September 30, 2024 06:27 pm IST
