Bankers see higher PPF rate limiting more deposit rate cuts

Last Updated: Sunday, August 2, 2015, 14:55

Bankers have said there is more room to cut deposit rates which can help bring down lending rates, but fear that competing savings instruments like PPF and tax-free bonds will limit their ability.

Sukanya Samriddhi to earn at 9.2% interest, PPF 8.7% for FY'16

Last Updated: Tuesday, March 31, 2015, 21:06

Investments in Sukanya Samriddhi Account, the special deposit scheme for girl child, will earn higher interest rate of 9.2 percent, while the rate on popular tax saving Public Provident Fund has been retained at 8.7 percent for 2015-16.

Finance Ministry mulling hiking lock-in period for PPF account

Last Updated: Wednesday, February 4, 2015, 18:14

The Finance Ministry is considering a proposal to raise the minimum lock-in period for withdrawal from PPF account from six to eight years to attract longer term funds for infrastructure development.

RBI notifies new interest rates on PPF, SCSS a/c w.e.f April 1

Last Updated: Thursday, March 28, 2013, 19:09

Reserve Bank on Wednesday notified 0.1 percent reduction each in interest rates on Public Provident Fund (PPF) and Senior Citizen Savings Scheme (SCSS) to be effective from fiscal beginning April 1, 2013.

Returns on post office savings still favourable: Montek

Last Updated: Monday, March 25, 2013, 19:32

Planning Commission Deputy Chairman Montek Singh Ahluwalia Monday justified the lowering of rate of interest on small saving schemes saying the returns remain favourable to depositors in real term.

PPF, post office small savings interest rates cut by 0.1%

Last Updated: Monday, March 25, 2013, 14:32

Millions of small savers and PPF account holders will earn less on their post office savings schemes, with the government deciding to reduce interest rates on them marginally by 0.10 percent.

Govt expects to net Rs 1,100 cr from small savings in FY13

Last Updated: Sunday, April 15, 2012, 13:18

The government is expecting a net inflow of Rs 1,100 crore in the current fiscal from small savings schemes like PPF and MIS which became more attractive after the Centre's decision to hike interest rates on them.

RBI ask banks to provide new interest rates on PPF, SCSS

Last Updated: Tuesday, April 3, 2012, 19:57

The Reserve Bank of India Tuesday directed the banks to provide the higher interest rates on Public Provident Fund (PPF) and senior citizens savings scheme (SCSS) from April 1 as announced by the government.

PPF interest rates go up from 8.6% to 8.8%

Last Updated: Monday, March 26, 2012, 18:49

The government Monday raised interest rates on post office-operated small savings like Monthly Income Scheme (MIS) and Public Provident Fund (PPF) by up to 0.5 percent, making them more attractive to investors.

Post office savings, PPF to fetch better returns from Dec 1

Last Updated: Thursday, November 24, 2011, 23:25

PPF account holders, small depositors and persons keeping money in the schemes operated by post offices, will get higher rate of return from December 1, 2011.

PO saving, PPF, NSC to fetch more

Last Updated: Friday, November 11, 2011, 19:52

New Delhi: In a bonanza to millions of small savers, the government on Friday increased interest rates on deposit schemes offered by post offices, like savings account, Monthly Income Scheme and Public Provident Fund.

Undeterred by attack on Qureshi, PPF pitches for dialogue

Last Updated: Tuesday, December 8, 2009, 21:57

Asserting it would not bow down before extremism, the People`s Political Front today said the dastardly attack on its leader Fazal Haq Qureshi would not deter it from pursuing a negotiated settlement of the Kashmir issue.