Interest rate on PPF slashed to 6.4%, NSC's to 5.9%

The government on Wednesday cut interest rates on small savings schemes, including NSC and PPF, by up to 1.1 per cent for the first quarter of 2021-22 in line with falling fixed deposit rates of......

8% savings bonds scheme not closed, but interest rate lowered

The bond, which the Reserve Bank of India started issuing on behalf of the Union government in 2003, was considered one of the safest savings instruments for retail investors. The government......

Clarity needed on new PPF rules for NRIs

Because of a new notification, any retirement planning done by non-resident Indians through PPF will go for a toss, experts tell Sanjay Kumar Singh. Earlier, if you became a non-resident Indian......

Interest on small savings hiked after years

After a gap of several years, the government has raised interest on small savings, including NSC and PPF, by up to 0.4 per cent for the October-December quarter, in line with rising deposit rates......