Most small savings rates hiked, PPF, Sukanya rates static: The popular Public Provident Fund (PPF) return was maintained steady at 7.1% for the eleventh consecutive quarter by the Central government, but interest rates on eight of the 12 minor savings plans were hiked by 20 to 110 basis points on Friday. 0.01% is equal to one basis point, or bps.
The Sukanya Samriddhi Account Scheme's return was also held steady at 7.6% from April 2020, when rates for all modest savings plans were reduced. Just 20 bps each, or 7.2% and 7%, were added to the yield Read More
The posts listed here are from various news sources and express only early views about Seventh Pay Commission. The SPC report will be published only in April. So dont take these posts for authenticated info.