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The government cut interest on small savings schemes by up to 1.4% for the first quarter of 2020-21.(ANI)

Govt cuts interest rate on PPF, NSC, Kisan Vikas Patra and Sukanya Samriddhi Accounts from April 1: All you need to know

By Rajeev Jayaswal | Hindustan Times, New Delhi
UPDATED ON APR 01, 2020 11:00 AM IST
Interest rates for small savings schemes are notified on a quarterly basis.
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When you opt for a fixed deposit (FD), you have to pick a tenure. Usually the tenure can range from seven days and 10 years.(Illustration: Gajanan Nirphale)
When you opt for a fixed deposit (FD), you have to pick a tenure. Usually the tenure can range from seven days and 10 years.(Illustration: Gajanan Nirphale)

How quickly can you withdraw your investments?

By HT Correspondent | Hindustan Times, Mumbai
PUBLISHED ON JUL 29, 2019 03:36 PM IST
In the case of some financial instruments you may have to pay a penalty while for others you may have to wait till a certain tenure.
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Nirmala Sitharaman holding her 3rd Pre-Budget consultations with the stakeholder Groups from Financial Sector and Capital Markets on13th June ,2019. (Photo: Ministry of Finance/Twitter)
Nirmala Sitharaman holding her 3rd Pre-Budget consultations with the stakeholder Groups from Financial Sector and Capital Markets on13th June ,2019. (Photo: Ministry of Finance/Twitter)

Nirmala Sitharaman holds pre-Budget consultations

By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON JUN 14, 2019 07:11 AM IST
The interaction was part of the finance minister’s pre-budget consultations with stakeholders of various sectors. The Budget for 2019-20 is scheduled to be presented on July 5.
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Finance minister Arun Jaitley Monday said the Centre has decided to increase its contribution to the National Pension System (NPS) for the central government employees to 14% and also made the entire withdrawal amount tax free at the time of retirement.(PTI File Photo)
Finance minister Arun Jaitley Monday said the Centre has decided to increase its contribution to the National Pension System (NPS) for the central government employees to 14% and also made the entire withdrawal amount tax free at the time of retirement.(PTI File Photo)

Government to now contribute 14% to National Pension System, no tax on withdrawal

By Press Trust of India | New Delhi
UPDATED ON DEC 10, 2018 05:38 PM IST
Tax exemption limit for lump sum withdrawal on exit has been enhanced to 60 per cent, the minister said, adding the entire withdrawal will now be exempt from income tax.
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While announcing the quarterly setting of interest rates in 2016, the finance ministry had said that rates of small savings schemes would be linked to government bond yields.(Abhinav Saha/HT File Photo)
While announcing the quarterly setting of interest rates in 2016, the finance ministry had said that rates of small savings schemes would be linked to government bond yields.(Abhinav Saha/HT File Photo)

Interest rate on Public Provident Funds, other small savings schemes hiked by upto 0.4%

By Press Trust of India | New Delhi
UPDATED ON SEP 20, 2018 11:32 AM IST
Interest rate for the five-year term deposit, recurring deposit Senior Citizens Savings Scheme has been raised to 7.8, 7.3 and 8.7 per cent, respectively. The interest on the senior citizens’ scheme is paid quarterly.
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