Current Affairs - Miscellaneous - Discussion

The interest rates on small-saving schemes including Public Provident Fund (PPF) and National Savings Certificate (NSC) have been kept unchanged by the Government for the April-June quarter of the financial year 2019-20.The interest rate for Public Provident Fund (PPF) and National Savings Certificate (NSC) will continue at 8 percent, while the interest rate of Kisan Vikas Patra (KVP) will be at 7.7 percent as against 7.3% earlier and mature in 112 months.Also, Interest rates for small savings schemes are notified on a quarterly basis.The interest rate for the five-year Senior Citizens Savings Scheme will offer 8.7 percent and the interest rate of girl child savings scheme Sukanya Samriddhi Yojana account will offer 8.5 percent.