Interest rates of savings schemes like PPF, and SSY may be reduced on 30 June, the government will take a big decision, know the details.

The government is going to review the interest rates of small savings schemes like Sukanya Samriddhi Yojana (SSY), PPF and NSC on Monday, 30 June. In such a situation, the government can change the interest rates of these schemes.

Interest rates of savings schemes may be reduced

Many types of savings schemes are being run by the government for the citizens of the country, in which people invest their money and get returns at a fixed interest rate. These savings schemes include many savings schemes like Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY) and National Savings Certificate i.e. NSC. There is also no fear of losing the money invested in these schemes. If you also resort to these savings schemes to invest your money, then this news is going to be very important for you. Actually, the government can now cut the interest rates of these savings schemes. Let's know.

Interest rates of savings schemes can be reduced

Actually, the government is going to review the interest rates of small savings schemes like Sukanya Samriddhi Yojana (SSY), PPF and NSC on Monday, June 30. In such a situation, the government can change the interest rates of these schemes. It is being estimated that the government can cut the interest rates of these schemes during this review.

RBI reduced repo rate

RBI has cut its repo rate 3 times so far this year, after which the repo rate has been cut by a total of 1 basis point. In such a situation, it can now also affect the savings scheme. However, the government will not cut the interest rates much. This cut can be from 25 to 50 basis points. Now it remains to be seen what decision the government will take on June 30. If you invest your money in these savings schemes, you may incur loss after deduction.