The Ministry of finance in its office memorandum dated 30th June 2020 has kept the interest rates on small saving schemes unchanged for the quarter of financial year starting from 1st July to 30th September 2020.
Earlier, the government had slashed the small savings schemes interest rates by 70 to 140 basis points (bps) for the April-June quarter, however through this circular, for the second quarter the rate of interest for the various small saving schemes including that of popular Public Provident Fund, National Savings Certificates KVP, Time-deposits, etc, will remain the same as that in the previous quarter.
Click here to read the notification,].
