Govt lowers interest rate on small savings deposits by 0.1%
The government on Friday lowered the interest rates on small savings deposits, including PPF, by 0.1% effective April 1. This brings the interest rate on PPF down to 7.9%. The interest rates cut also affects savings in government schemes namely National Savings Certificate, Sukanya Samriddhi Account Scheme and Kisan Vikas Patra among others.