Government cuts Rates on Public Provident Fund, National Savings Certificate
PrintListen to this Article
The government has cut the interest rates on Public Provident Fund (PPF) and National Savings Certificates (NSC), but has left the rates on savings deposits and one-year time deposits unchanged, the Finance Ministry said.
While the rate on PPF has been cut to 8.7 per cent from 8.8 per cent, the 10-year NSC rate has been slashed to 8.8 per cent from 8.9 per cent.
The savings deposit rate has been left unchanged at 4 per cent as has the one-year term deposit rate at 8.2 per cent.
The government is still trying to protect small investors, the ministry said adding, "G-Sec (government securities) rates have fallen more sharply than (the) reduction in small saving instruments."
Category : Income Tax | Comments : 0 | Hits : 424
Income tax Dept. carries out nation-wide verification exercise on Restaurants suppressing turnover
The Income Tax Department has recently conducted a nationwide verification exercise targeting restaurants suspected of under-reporting their actual sales. This action follows an earlier investigation ...
If you earn income other than salary or have multiple income streams, the advance tax deadline falling today—Monday, December 15, 2025—should not be overlooked. Failure to pay advance tax ...
If you earn income other than salary or have multiple income streams, the advance tax deadline falling today—Monday, December 15, 2025—should not be overlooked. Failure to pay advance tax ...
Comments