Small Saving Schemes: The Central Government has not made any changes for the July-Style quarter in the interest rates of small savings schemes like Provident Fund (PPF) and National Savings Certificate (NSC) and Sukanya Samriddhi. This is the ninth consecutive quarter when the government has not made any changes in the rates of small savings schemes. The interest rate on these small savings schemes is available between 4 to 7.6 per cent annually. The interest rates of small savings schemes are connected to the government bond yields, which has bounced due to the steps taken by RBI in the last few months. In such a situation, it was believed that the government could increase the interest rate on these schemes in the July-September quarter. However, after the government’s decision, investors may now be disappointed. RBI has increased the repo rate by 0.90 per cent between April and June as part of its move to curb inflation. It is believed that in the coming months, RBI may increase the repo rate further. How much interest will be received on which small savings scheme during the Zulai-September quarter, you can see it in the table below-
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