NEW
DELHI: Government has kept interest rates unchanged for various small
savings schemes for the July-October quarter of 2016-17 fiscal.
The Finance
Ministry in a statement today said that interest rate on one-year deposits
for July-October quarter of this fiscal has been kept unchanged at 7.1 per
cent.
Similiarly,
interest rate on two-year time deposit, three-year time deposit and five-year
time deposit were kept at 7.2 per cent, 7.4 per cent and 7.9 per cent,
respectively.
Likewise,
interest rate on Public Provident Fund (PPF) scheme, Kisan Vikas
Patra Scheme and Sukanya Samriddhi Account Scheme were kept at
8.1 per cent, 7.8 per cent and 8.6 per cent respectively, the Ministry said.
In
February this year, the Finance Ministry had announced that small savings interest rates will be set quarterly to align them with market rate of government securities.
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