It is true that mutual funds, particularly equity funds, fluctuate with market trends and can consequently be very risky. However, data from equity funds over the long term indicates that the risks are evenly distributed over the long run.
New Delhi: The Ministry of Finance on Wednesday announced the reduction in the small savings rate from 3.5 percent for the first quarter of the financial year starting April 1, 2021. The small savings rate during January-March was 4 per cent annually. Further, in an office memorandum, the Department of Economic Affairs said that the […]
New Delhi: The government on Tuesday kept the interest rates on small savings schemes, including NSC and PPF, unchanged for the fourth quarter of 2019-20 despite moderating bank deposit rates. Public Provident Fund (PPF) and National Savings Certificate (NSC) will continue to carry an annual interest rate of 7.9 per cent, while Kisan Vikas Patra […]
New Delhi: In a major development, the government has raised interest rates on small savings schemes, including NSC and PPF, by up to 0.4 per cent for the October-December quarter, in line with rising deposit rates in the banks. Interest rates for small savings schemes are notified on a quarterly basis. The rates of interest […]
New Delhi: The Non Resident Indian (NRI) customers holding the Provident Fund (PPF) account in the State Bank of India (SBI) will get a rate of interest of four percent equivalent to that of a post office saving bank account with effect from October 3, 2017. “The interest rate is calculated on minimum balance in […]