Rate cut in Post office Small Saving Schemes

Form 1st April, government is going to reduce the rates on few small saving schemes, this will be around  0.1%.

So this will be going to directly effect the small investors who prefer Indian post office for savings. After this announcement PPF will offer 8.7% instead of 8.8% and a 10yr NSC will fetch 8.8% instead of 8.9%

No doubt this will effect very less to the final maturity amounts but its worth to note every penny counts.

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