Interest rate cut for long term saving schemes

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..... Interest rate cut for long term saving schemes
News and Press Release
Dated:- 29-11-2016

The interest rates of Public Provident Fund (PPF), Kisan Vikas Patra (KVP), Senior Citizens Savin .....

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..... gs Scheme, 2004, and Sukanya Samriddhi Account (the Girl Child Scheme) were reduced by 0.10 percentage point for the quarter 01.10.2016 to 31.12.2016, and not 0.10 percentage per annum. The reduction .....

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..... in the rates of interest by 0.10 percentage point was necessitated by a significant fall in the yields on Government Securities of comparable maturities. This was stated by Shri Arjun Ram Meghwal, M .....

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..... inister of State in the Ministry of Finance in written reply to a question in Rajya Sabha today.
News - Press release - PIB .....

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