Interest Rate Reduction on Public Provident Fund cut to 8.1% from 8.7% In a move that will hit the common man, the government today slashed interest rates payable on small savings including PPF and Kisan Vikas Patra (KVP) in a bid to align them closer to market rates. As a part of its February 16 decision to revise interest rates on small savings every quarter, the … [Read more...] about Interest Rate Reduction on Public Provident Fund cut to 8.1% from 8.7%