Government raises interest rate by 0.10% on 1 year post office deposit

The government has increased interest rates by 0.10% to 7% in the post office for 1 March 2019 quarter on a 1 year deposit. However, the interest rate on the 3-year deposit has been reduced by 0.20% in the post office. At the same time, there has been no change in the interest rates of deposit schemes like PPF, Kisan Vikas Patra and Sukanya prosperity.

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