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NEW DELHI: The federal government on Thursday saved rates of interest on small financial savings scheme, together with Nationwide Financial savings Certificates (NSC) and public provident fund (PPF) unchanged for the primary quarter of recent monetary 12 months 2022-23.
This the ninth straight quarter for which the Centre has opted to maintain rates of interest unchanged, citing an elevated degree of inflation.
With this, small financial savings schemes like NSC and PPF will proceed to draw an annual charge of seven.1 per cent and 6.8 per cent, respectively.
“The speed of curiosity on varied small financial savings schemes for the primary quarter of the monetary 12 months 2022-23, ranging from April 1, 2022, and ending on June 30, 2022, shall stay unchanged from the present charges relevant for the fourth quarter (January 1, 2022, to March 31, 2022) for FY 2021-22,” the finance ministry mentioned in a notification.
This the ninth straight quarter for which the Centre has opted to maintain rates of interest unchanged, citing an elevated degree of inflation.
With this, small financial savings schemes like NSC and PPF will proceed to draw an annual charge of seven.1 per cent and 6.8 per cent, respectively.
“The speed of curiosity on varied small financial savings schemes for the primary quarter of the monetary 12 months 2022-23, ranging from April 1, 2022, and ending on June 30, 2022, shall stay unchanged from the present charges relevant for the fourth quarter (January 1, 2022, to March 31, 2022) for FY 2021-22,” the finance ministry mentioned in a notification.
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