<p class="title">The Centre on Wednesday cut the interest rates on small savings schemes, including PPF, Kisan Vikas Patra and NSC by 0.2 percentage points or 20 basis points for the January-March 2018.</p>.<p class="bodytext">After the cut, the Public Provident Fund (PPF) and five-year National Savings Certificate (NSC) scheme will fetch an interest of 7.6% from the existing 7.8%.</p>.<p class="bodytext">Similarly, Sukanya Samriddhi scheme will now offer 8.1% in place of the earlier 8.3%.</p>.<p class="bodytext">However, the interest rate on the five-year Senior Citizens Savings Scheme has been kept unchanged at 8.3%.</p>.<p class="bodytext">Interest rates on small saving schemes have been re-calibrated on a quarterly basis since April last year. However, there was no change in these rates in the October-December quarter.</p>
<p class="title">The Centre on Wednesday cut the interest rates on small savings schemes, including PPF, Kisan Vikas Patra and NSC by 0.2 percentage points or 20 basis points for the January-March 2018.</p>.<p class="bodytext">After the cut, the Public Provident Fund (PPF) and five-year National Savings Certificate (NSC) scheme will fetch an interest of 7.6% from the existing 7.8%.</p>.<p class="bodytext">Similarly, Sukanya Samriddhi scheme will now offer 8.1% in place of the earlier 8.3%.</p>.<p class="bodytext">However, the interest rate on the five-year Senior Citizens Savings Scheme has been kept unchanged at 8.3%.</p>.<p class="bodytext">Interest rates on small saving schemes have been re-calibrated on a quarterly basis since April last year. However, there was no change in these rates in the October-December quarter.</p>
