News From Press Small savings schemes' interest rates slashed. Should you continue with your investments?

Small savings schemes' interest rates slashed. Should you continue with your investments?

Investors in PPF and Sukanya Samriddhi Yojana will see the impact immediately as lower rates will be applicable on accumulated balance. However, investments made in NSC, SCSS and others prior to the announcement would be shielded from the cut.

The Economic Times Apr 6, 2020

Interest rates on popular small savings schemes have been cut drastically for the April-June 2020 quarter. Investors utilising these avenues predominantly should be prepared to earn a lot less than what they are used to. Investors in PPF and Sukanya Samriddhi Yojana will see the impact immediately with the lower rates also applicable on accumulated balance in their account.

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