PPF, NSC and other Post Office small savings schemes interest rates to come down

Published On: Monday, February 3, 2020 | By: Team KnowMyStock

The interest rates on small savings schemes like Public Provident Fund (PPF), National Savings Certificate (NSC), Kisan Vitac Patra (KVP) etc. may come down in the next quarter. The revision could be in line with the market rate, a development that could lead to speedier transmission of the monetary policy rate. The Central government had ceased from cutting interest rates on small savings schemes for the current quarter. The bankers’ complain that high small savings rates prohibit them from cutting their deposit rates. At present, there is a difference of nearly 100 basis point between deposit rate of banks and small savings rate for one-year maturity.

Closing Bell: Sensex gains 85 points, Nifty at 18755.90

Closing Bell:Sensex gains 418 points, Nifty at 18716.15

MARKET UPDATE: Sensex rose 135 points to 62761, and the NSE Nifty50 moved 40 points higher to 18,600

Closing Bell: Sensex down 223 points, Nifty at 18,563

MARKET UPDATE: Sensex surged over 100 points to trade around 62,962 levels, whereas Nifty50 climbed over 30 points to trade above 18,650 levels

MARKET UPDATE: Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels

MARKET UPDATE: Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels

MARKET UPDATE: Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels

Closing Bell: Sensex up 240 points, Nifty at 18593.85

MARKET UPDATE: Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels

Follow Us On: