SMALL SAVINGS INTEREST REDUCED

NEW DELHI, MARCH 26:
The Finance Ministry has cut interest rate on PPF (Public Provident Fund) by 0.1 per cent to 8.7 per cent.
It has also cut the interest rate on five-year NSC (National Savings Certificate) to 8.5 per cent from 8.6 per cent and on 10-year NSC to 8.8 per cent from 8.9 per cent.
The Ministry has cut the interest rate on five-year postal recurring deposits to 8.3 per cent but has kept the savings deposit rate unchanged at 4 per cent.
Keywords: Interest rates on small savings, interest rates on PPF, interest rates on NSC, postal recurring deposits rate, savings deposit rates, PPF interest rates, NSC interest rates,