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RBI has increased the repo rate on FDs by 90 basis points and in most of the banks there is an increase in interest rates on FD. But now the interest rates can be hiked for post office schemes like PPF, senior citizens saving schemes, Sukanya etc. The amendments for the interest rates can be released on 30 June.

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Government PPF, Sukanya Scheme to be offered more interest rates from 1 July; know more about the rates