PPF and NSC to carry an annual rate of interest rate of 7.1% and 6.8% respectively.
The government on Wednesday kept the interest rates on small savings schemes, including PPF and NSC, unchanged for the October-December quarter amid moderating bank deposit rates. Public Provident Fund (PPF) and National Savings Certificate (NSC) will continue to carry an annual interest rate of 7.1% and 6.8% respectively. Interest rates for small savings schemes are notified by the Finance Ministry on a quarterly basis. There is no change in small savings rate for the third quarter, said Economic Affairs Secretary Tarun Bajaj.
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