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Interest rates of PPF, NSC and other post office schemes kept unchanged by govt
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Last Updated: Jul 01, 2021, 12:04 PM IST
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Synopsis
As per the circular, PPF will continue to earn 7.10%, the NSC will fetch 6.8%, and Post Office Monthly Income Scheme Account will earn 6.6%.
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Good news for fixed income investors as the government has decided to keep the interest rates on small savings schemes unchanged for the quarter ending September 30, 2021. This is the fifth quarter in a row that the government has kept interest rates on various post office schemes such as Public Provident Fund (PPF), National Savings Certificates (NSC), Sukanya Samriddhi Yojana (SSY) and others unchanged. This means that investors in PPF and SSY will continue to earn the same interest rate as they were earning during the quarter ending June 30, 2021. New investments into these schemes will also earn the same interest rates as in the previous quarter.
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