• Government Cuts PPF Rate from 8.7% to 8.1%

    Government Cuts PPF Rate from 8.7% to 8.1% In a move that will hit the common man, the government cuts PPF rate from 8.7% to 8.1% in a bid to align them closer to market rates. As a part of its February 16 decision to revise interest rates on small savings every quarter, the interest rate on public provident fund (PPF) scheme will be cut to 8.1 percent for the period April 1 to June 30, from 8.7 percent, at present. Along with PPF, Kisan Vikas Patra, Sukanya Samridhhi Scheme and  Small savings interest rates are also slashed. One Year time

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