For most salaried individuals, the Employees' Provident Fund (EPF) forms the backbone of their savings needs. Now the scheme is undergoing sweeping changes.
The government on Monday kept the interest rates for small savings schemes which include PPF, POMIS, NSC etc. unchanged for the second quarter of the current financial year.
Additional Interest Rate spreads which the Government allows on Small Savings Schemes like PPF, Senior Citizen Savings Scheme, Sukanya Samridhi Scheme and NSC etc. are being continued