Interest rate cut for long term saving schemes

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....nterest rate cut for long term saving schemes <br>News and Press Release<br>Dated:- 29-11-2016<br><BR>The interest rates of Public Provident Fund (PPF), Kisan Vikas Patra (KVP), Senior Citizens Saving....

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....s Scheme, 2004, and Sukanya Samriddhi Account (the Girl Child Scheme) were reduced by 0.10 percentage point for the quarter 01.10.2016 to 31.12.2016, and not 0.10 percentage per annum. The reduction ....

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....in the rates of interest by 0.10 percentage point was necessitated by a significant fall in the yields on Government Securities of comparable maturities. This was stated by Shri Arjun Ram Meghwal, Mi....

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....nister of State in the Ministry of Finance in written reply to a question in Rajya Sabha today.<BR> News - Press release - PIB....