November 05, 2024 14:58 (IST)
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Govt slashes interest rates on small savings, PPF down from 7.1 pct to 6.4 pct

Govt slashes interest rates on small savings, PPF down from 7.1 pct to 6.4 pct

New Delhi/IBNS: The Indian Government on Wednesday slashed the interest rate on small savings from 4 per cent to 3.5 per cent annually, while Public Provident Fund (PPF) will be down from 7.1 per cent to 6.4 per cent.