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Good news customers! Govt hikes 1-year time deposit rates

Good news customers! Govt hikes 1-year time deposit rates

Friday, January 4, 2019, 5:21 PM

The interest rate on 1-year post office time deposits, a small savings scheme, has been increased by 10 basis points (bps) for the January-March, 2019 quarter. According to a circular issued by the Finance Ministry, interest rates of other small savings schemes like Public Provident Fund (PPF) and Sukanya Samriddhi Yojana (SSY) have been kept unchanged.
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