The government has cut the small savings interest rate on a number of instruments from anywhere between 70 basis points to 140 basis points. A basis point is a hundredth of a percent.
The government cut the rate on the Public Provident Fund (PPF) for the Apr…
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Small savings shock for citizens: Govt cuts PPF, NSC, other rates by 0.7-1.4%
Byindianadmin
Mar 31, 2020