News From Press PPF, small savings deposit growth slowing. Where are investors parking money?

PPF, small savings deposit growth slowing. Where are investors parking money?

PPF currently fetches interest rate of 7.1%

Mint Aug 1, 2020

Despite higher interest rates on some small savings schemes like PPF (Public Provident Fund) as compared to bank deposits, the growth in small savings deposits is slowing down and money is moving to liquid fixed deposits. The reason could be that the people are keeping more savings in liquid assets amid the disruption caused by the coronavirus, say SBI economists.

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