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News From Press PPF, NSC, other small saving schemes interest rates likely to increase

PPF, NSC, other small saving schemes interest rates likely to increase

Source: The Economic Times Jun 19, 2018


Feeling worried about the rise in your home loan rate? The clouds have a silver lining. The rise in the interest rates also mean that small savings rates will get revised upwards. Interest rates on NSC, KVP, post office time deposits, Senior Citizens’ Savings Scheme and PPF are benchmarked to government bond yields of similar maturities. Their interest rates are determined by adding a mark-up to the average government bond yield in the previous quarter.

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