PPF Interest cut to 8.1%; SSA & SCSS to 8.6%

Small Saving Schemes Interest Rate for FY 2016-17 (April to June)

The government has finally cut the interest rates offered on small savings schemes like PPF, Senior Citizen Savings Scheme, Post Office Fixed and Recurring Deposits and Sukanya Samriddhi Account by 0.4% to 1.3%. The much publicized Sukanya Samriddhi Yojna would have 8.6% interest as compared to 9.2% earlier. Similarly for Senior Citizens Savings Scheme the […]

PPF Interest cut to 8.1%; SSA & SCSS to 8.6% Read More »