Monday, March 25, 2013

Interest rates on PPF, NSC, postal deposits reduced

The Finance Ministry has cut interest rate on PPF (Public Provident Fund) and National Savings Certificates (NSC) by 0.1 percent to 8.7 percent and 8.5 percent, respectively.Millions of small investors will get lower returns on the popular post office scheme, Public Provident Fund (PPF), with the government cutting the interest rate with effect from 1 April, 2013.The ministry has also cut interes....