Monday, March 26, 2012

Small savings interest rates to go up

Update on 26.03.12 : Rate Hiked
The government is likely to hike the interest rates on deposit schemes offered by post offices such as savings account, Monthly Income Scheme and Public Provident Fund by about 0.25 per cent from April 1. A circular on the revised interest rates of small savings schemes will be issued by March 28, official sources said, adding that there could be a 0.25 basis points hike in the rates. 
Source : The Telegraph
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