Govt cuts interest rate on small savings schemes by 0.1 pc, effective July 1

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The government Friday reduced interest rate on small savings schemes, including NSC and PPF, by 0.1 per cent for the July-September quarter. The move is aimed at matching the softening of interest rates in the banking sector since the RBI cut its benchmark policy rate thrice during the year.




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Watch Govt cuts interest rate on small savings schemes by 0.1 pc, effective July 1 With HD Quality.

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