Government holds PPF interest rate steady at 7.1% for Q3 FY24

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The Indian government has kept the Public Provident Fund interest rate unchanged at 7.1% for the October-December 2023 quarter. This rate applies to small savings schemes like the PPF and the Sukanya Samriddhi Account. The decision was announced by the Finance Ministry and aligns with the established method for setting these rates. Interest rates for other small savings instruments also remained the same for the third quarter of the 2023-24 financial year.

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