The government clarified that no change in interest rate or tax policy on small savings schemes, which includes PPF and NSCs.
Interest Rate On PPF
Rate of Interest for State Railway Provident Fund for the period from July 2017 to September 2017 - Rate of interest during the year 2017-18 (July, 2017 - September, 2017)
Small Savings schemes will continue to be attractive as some of them enjoy income tax benefits and additional interest rate spreads - Press Release from Finance Ministry.
The interest rate cut on small saving schemes announced on Friday came in as a big disappointment for investors. One of the most popular small-saving schemes, PPF, will now fetch an interest of 8.1 per cent as against 8.7 per cent earlier.