No interest cut on PPF, NSC and other small savings scheme as govt withdraws order

No interest cut on PPF, NSC and other small savings scheme as govt withdraws order
The rate of interest on these will now remain unchanged as the last quarter of 2020-2021, Sitharaman tweeted on Thursday.
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Updated: Apr 1, 2021, 08:39 AM IST
The Centre on Thursday withdrew the order reducing the rate of interest on Small Savings Schemes. The announcement was made by Union Finance Minister Nirmala Sitharaman.
The rate of interest on these will now remain unchanged as the last quarter of 2020-2021, Sitharaman tweeted on Thursday.
"Interest rates of small savings schemes of government of India shall continue to be at the rates which existed in the last quarter of 2020-2021, ie, rates that prevailed as of March 2021. Orders issued by oversight shall be withdrawn," tweeted the Finance Minister.

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