- Tag results for savings schemes
The government on Thursday raised interest rates on small savings schemes, including NSC and PPF, by up to 0.4 per cent for the October-December quarter.
Much to the disappointment of small investors, the government has kept interest rate on small savings schemes such as PPF unchanged for the September quarter.
It will also use larger borrowings from national small savings schemes to fund its fiscal deficit
The government proposes to allow premature closure of Public Provident Fund accounts and permit opening of small savings accounts in the name of minor, the finance ministry said today.
The legislative changes proposed in the Finance Bill 2018 are aimed at adding flexibility in operation of the account under Small Savings Schemes (SSS), it said.