The interest rate of Public Provident Fund (PPF) has been lowered from 8.8% to 8.7% with effect from April 1, 2013, said a finance ministry statement.
Now we will earn less on post office savings schemes as government decided to reduced them marginally by 0.10%.
The revised interest rates will be affective from 2013-14.
Source:http://www.simpletaxindia.net/2013/03/interest-rate-ppf-nsc-scss-mis-potd.html
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