The Finance Ministry increased interest rates for non-governmental provident funds, gratuity and superannuation to 8 percent from existing 7.6 percent. Also, the interest rates for small savings schemes has been hiked by 40 basis points. These include: Public Provident Fund (PPF), Sukanya Samriddhi Scheme, National Savings Certificate and post office time deposits. The changes are effective from October 1, 2018 to December 31, 2018, for the 3rd quarter.
