The government on Thursday announced new interest rates on small savings schemes, including National Savings Certificate (NSC) and Public Provident Fund (PPF). The interest rates for small savings schemes were hiked by up to 0.4 per cent for the October-December quarter, the Ministry of Finance said in a statement. The revised rates would be applicable from October 1, 2018 to December 31, 2018, the government said. At present, interest rates on small savings schemes - which include Kisan Vikas Patra (KVP) and Sukanya Samriddhi - are revised on a quarterly basis.
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