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OBC Bank Slashes 1-Year MLCR Rate To 8.7% Small savings rates slashed, PPF rate cut to 8.1% from 8.7% KVP rate will be cut to 7.8% from 8.7%; National Savings Certificates, monthly income account and sukanya samriddhi account rates also cut. In a move that will hit the common man, the government on Friday slashed interest rates payable on small savings including PPF and Kisan Vikas.

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