PPF, small saving schemes interest rate revised: Government lowers interest rate by 0.1 per cent from April 1

Rini Sharma
As per the new modifications implemented by the Union cabinet, the HRA rates have been reportedly calculated at 30 percent, 20 percent and 10 percent.

New Delhi, March 31: The government has ordered the cutting down of the interest rate on small savings deposits, including PPF, by 0.1 per cent effective April 1.

Since April last year, interest rates of all small saving schemes have been recalibrated on a quarterly basis. For the January-March quarter, these have been kept unchanged compared with the October-December quarter.