Union Government lowers interest rate by 0.1 % on small saving schemes for July-Sep quarter

Posted on:01 Jul 2017 12:10:21
Union Government lowers interest rate by 0.1 % on small saving schemes for July-Sep quarter
01 July 2017 Current Affairs:

  • Union Government has lowered interest rate on small saving schemes by 0.1 percent for the July- September quarter.

  • The rates of small saving schemes like PPF, Kisan Vikas Patra and Sukanya Samriddhi have been lowered across the board compared to the April-June quarter. 

  • The investment on 5-year Senior Citizens Savings Scheme will yield 8.3 per cent.


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