Money is invested in schemes like PPF, Sukanya? Big decision is coming on June 30, interest rates may decrease!

New Delhi: If you have also invested in Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY), Senior Citizen Savings Scheme or any small savings scheme of post office, then this news is very useful for you. The government is going to take a big decision on the interest rates of these schemes on 30 June, and this time the rates are feared to be cut.

Why is this decision being taken?
In fact, the government reviews the interest rates of small savings schemes every three months (quarter). This review is being done from the next quarter, i.e. from 1 July to 30 September. It can be announced by the evening of June 30.

Will interest rates really decrease?
Although the government has not made any changes in these rates from many previous quarters, but experts are expecting the possibility of cuts this time. The government looks at some economic parameters like government bond yields (returns on government bonds) to fix the interest rates of these schemes. If those parameters decline, the government can also reduce the interest rates of these savings schemes.

Which scheme will affect?
Impact of this decision PPF, Sukanya Samriddhi Yojana, National Savings Certificate (NSC), Kisan Vikas Patra (KVP), and Senior Citizen Savings Scheme All popular schemes like it will be like.

What should you do?
At the moment, you can only wait. On June 30, it will be clear how much interest you will get on your savings in the next quarter. This decision is directly related to crores of investors of the country, so everyone’s eyes are on this announcement of the government. Whatever new rates will be there, they will be applicable from July 1.