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Drastic fall in interest rates of all Post Office Savings Schemes w.e.f 01-04-2020

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The government today announced a steep cut in the interest rates on small savings schemes for the first quarter (April to June) of FY 2020-21. Interest rates on various small savings schemes have been cut by between 70 basis points and 140 basis points (100 basis points = 1 per cent).

Here is a look how much each of the small savings schemes will earn for the quarter ending June 30, 2020.

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