For investors battered by high inflation and flat returns from stocks and mutual funds, the hike in interest rate on small saving schemes is a bonanza of sorts. The biggest gainers will be account holders of public provident fund (PPF), which now comes with the double benefit of higher interest rate (8.6%) and higher annual investment limit (Rs 1 lakh).
http://economictimes.indiatimes.com/personal-finance/savings-centre/savings-news/now-earn-up-to-16-53-returns-from-public-provident-fund/articleshow/10733486.cms
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