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.

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.

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.

EPFO may reduce interest on PF deposits to 8.6% for 2011-12

Last Updated: Tuesday, January 10, 2012, 19:36

EPFO may lower the interest rate on deposits to 8.6 percent for over 4.7 crore subscribers for 2011-12 to match it with the rate of public provident fund (PPF) scheme.