The government has announced that the interest rates on all the small savings schemes like Public Provident Fund (PPF), Kisan Vikas Patra (KVP) and National Savings Certificate will remain unchanged for the October-December quarter of the financial year 2017-18.
In its previous revision, which was for the July-September quarter, the government had slashed the interest rates on small savings schemes, except the post office savings accounts, by 10 basis points. One basis point is one-hundredth of a percentage point.
