PPF, NSC and other small savings schemes interest rates kept unchanged for March quarter

The interest rates on small savings schemes have been kept unchanged by the government for the fourth quarter of FY 2019-20, i.e., January-March. The government has maintained status quo despite the Reserve Bank of India urging it to reduce interest rates on small savings schemes.

For the quarter ending March 2020, small savings schemes such as the Public Provident Fund (PPF), National Savings Certificate (NSC) will continue to fetch same interest rate. PPF will continue to earn 7.9 per cent during the quarter January to March 2020. Senior Citizens Savings Scheme (SCSS) will earn 8.6 per cent. Post office time deposits will continue to earn in the range of 6.9-7.7 per cent.

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