Tag: Public Provident Fund

PPF returns still languishing lower than formula-based rates: RBI 

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PPF returns still languishing lower than formula-based rates: RBI 

The RBI indicated that the interest rates offered by the Union government on two of India’s most popular small savings schemes continue to languish below the rates they should have earned as per a formula-based system adopted since April 2016. File | Photo Credit: Reuters The interest rates offered by the Union government on two of…

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Interest rates on small savings schemes unchanged for April-June

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Interest rates on small savings schemes unchanged for April-June

While the Government has hiked rates on most saving schemes over the last six quarters. File | Photo Credit: Reuters The Centre on March 8 decided to keep the returns offered on various small savings schemes unchanged for the April to June quarter, quashing hopes of a pre-election hike in rates like the one announced…

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