The Centre on Monday determined to keep up the identical charge of return on small financial savings schemes for the October to December quarter, marking the third successive quarter of a established order in charges.
The rates of interest on small financial savings schemes comparable to Public Provident Fund (PPF) and Nationwide Financial savings Certificates (NSC) are reset every quarter as per a system linked to the yields on authorities securities of comparable maturities.
The PPF charge has been frozen at 7.1% since April 2020. The return on Sukanya Samriddhi Account Scheme, which can also be tax-free just like the PPF, was raised to eight.2% earlier this yr.
Revealed – September 30, 2024 08:01 pm IST
