Interest rates on PF are lowest in 40 years yet giving highest returns in savings schemes

Interest rates on PF are lowest in 40 years yet giving highest returns in savings schemes

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A special savings scheme is run by the government for senior citizens. It is currently getting an interest of 7.4 percent annually. Although this is much higher than other FDs, but considering the current inflation rate, the actual return on it becomes very low. The second thing is that only senior citizens get the opportunity to invest in it. However, the money invested in it also gets tax exemption from the Income Tax Department.

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