Interest Rates On Small Savings Schemes To Remain Unchanged Till March 31, 2022
NDTV
Public Provident Fund (PPF) and National Savings Certificate (NSC) will continue to carry an annual interest rate of 7.1 per cent and 6.8 per cent, respectively, in the fourth quarter as well.
The government on Friday kept interest rates on small savings schemes, including NSC and PPF, unchanged for the fourth quarter of 2021-22 amid rising cases of the more contagious coronavirus variant Omicron and elevated level of inflation.
The decision also comes ahead of assembly elections in five states -- Uttar Pradesh, Uttarakhand, Punjab, Himachal Pradesh and Goa. The schedule of elections is expected to be announced early next month.
Public Provident Fund (PPF) and National Savings Certificate (NSC) will continue to carry an annual interest rate of 7.1 per cent and 6.8 per cent, respectively, in the fourth quarter as well.
"The rates of interest on various small savings schemes for the third quarter of the financial year 2021-22 starting from January 1, 2022, and ending on March 31, 2022, shall remain unchanged from the current rates applicable for the third quarter (October 1, 2021 to December 31, 2021) for FY 2021-22," the finance ministry said in a notification.
