The government is set to reduce interest rates on small savings products such as public provident fund and National Savings Certificate over the next few days - a move that will impact returns on your bank fixed deposits but also pave the way for banks to pare lending rates in the coming months and reduce the EMI burden.
The new formula...
PPF, NSC rates to be cut; bank FDs may fetch lower interest
The new formula...
PPF, NSC rates to be cut; bank FDs may fetch lower interest