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Business News›Wealth›Personal Finance News›Govt cuts interest rate on small savings schemes by 0.1 pc, effective July 1
Govt cuts interest rate on small savings schemes by 0.1 pc, effective July 1
The government Friday reduced interest rate on small savings schemes, including NSC and PPF, by 0.1 per cent for the July-September quarter. The move is aimed at matching the softening of interest rates in the banking sector since the RBI cut its benchmark policy rate thrice during the year.
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