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Small savings rates News

06 Apr 2017

RBI says still more scope for banks to cut lending rates

The Reserve Bank on Thursday said there is more scope for the banks to cut lending rates and also asked for a downward revision in the small savings rates administered by the government.

small savings rates

17 Feb 2016

Interest on short-term post office schemes, KVP and 5-year RD cut by 0.25%; PF to earn more

There will be no change in interest rate on long-term instruments like 5-year term deposit and similar tenure National Saving Certificates (NSC), Sukanya Samriddhi Yojana as well as Public Provident Fund (PPF).

small savings rates

16 Feb 2016

Govt cuts rates on short-term post office schemes by 0.25%

The government on Tuesday cut rates on short-term post office deposits by 0.25 percent but left long-term instruments such as MIS, PPF, senior citizen and girl child schemes untouched.

16 Feb 2016

Interest on PPF, NSC left unchanged; cut by 0.25% on Kisan Vikas Patra, 5-year RD

Government on Tuesday cut interest rates on small savings of 1, 2, 3 year term deposits; Kisan Vikas Patra and 5-year Recurring Deposit by 0.25 percent.

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