The government today kept interest rates for small savings schemes, including popular public provident fund (PPF), unchanged for the January to March quarter. Interest rate of small savings schemes are revised every quarter, depending on the yield on government securities. Sukanya Samriddhi Account and Senior Citizen Savings Scheme continue to offer higher rates than other small savings schemes. Analysts say that for a conservative investor, PPF and other small savings schemes like Sukanya Samriddhi Account and Senior Citizen Savings Scheme offer good returns. The interest rate at which the account holder can borrow from his account has been reduced to 1% above the prevailing PPF interest rate, from 2% earlier.

Source: Mint December 31, 2019 11:37 UTC