The government hikes interest rates up to 0.4 percentage for small savings scheme applicable from October 1 st to December 31

The government announced new interest rates on small savings schemes, including National Savings Certificate (NSC) and Public Provident Fund (PPF). The interest rates for small savings schemes were hiked by up to 0.4 percentage for the October to December quarter. The interest rates on NSC and PPF have been revised 8 percent from 7.6 percent.