https://www.taxtmi.com/news?id=17742 Government lowered small saving scheme interest rates by 0.1 percentage point for the April-June quarter while keeping savings deposit rate at four percent; PPF and 5 year NSC at 7.9 percent, KVP at 7.6 percent (112 month maturity), Sukanya Samriddhi and 5 year Senior Citizens scheme at 8.4 percent, term deposits (1-5 years) at 6.9-7.7 percent, and the 5 year recurring deposit at 7.2 percent. Rates are set quarterly and linked to government bond yields, with the change expected to induce banks to cut deposit rates. en-us Fri, 31 Mar 2017 12:46:50 +0530 Fri, 31 Mar 2017 12:46:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17742 Government lowered small saving scheme interest rates by 0.1 percentage point for the April-June quarter while keeping savings deposit rate at four percent; PPF and 5 year NSC at 7.9 percent, KVP at 7.6 percent (112 month maturity), Sukanya Samriddhi and 5 year Senior Citizens scheme at 8.4 percent, term deposits (1-5 years) at 6.9-7.7 percent, and the 5 year recurring deposit at 7.2 percent. Rates are set quarterly and linked to government bond yields, with the change expected to induce banks to cut deposit rates. News - Fri, 31 Mar 2017 12:46:50 +0530 https://www.taxtmi.com/news?id=17742