India Today



The finance ministry continued the same interest rates applicable on small savings schemes for the quarter July–September 2022. The move comes at a time when interest rates are on the rise and so is inflation. Since 2020-21, the small savings interest rates have not been revised, with PPF and NSC continuing to draw an annual interest rate of 7.1 per cent and 6.8 per cent, respective­ly. For small savers, the same interest rate helps in continuity in the way they have invested in these schemes and provides them predictabi­lity in the way their savings would grow in these schemes.

 ?? ?? Rates for July-September 2022
Rates for July-September 2022

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