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26th April 2013, 04:28 PM
Super Moderator
 
Join Date: Mar 2013
Re: RBI Interest Rate Hike

The Reserve bank of India announced reduction of 0.1 percent interest rates on Public Provident Fund (PPF) and Senior Citizen Savings Scheme (SCSS)

These reduction will be effective from April 1 2013.

The rate of interest on PPF has been lowered from 8.8 percent to 8.7 per cent with effect from April 1, 2013.

The rate of interest on 5-year SCSS has been reduced to 9.2 percent from 9.3 percent for entire 2013-14 Session.

If you want to know more detail about the interest rate ,please let me know, I will provide you proper information.


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