Government of India announces interest rate on small saving schemes like PPF, Senior Citizen Savings Scheme, Post Office Fixed and Recurring Deposits and Sukanya Samriddhi Account every quarter effective April 2016. This is done to keep these interest rates in sync with the market rates. The table below shows the interest reset schedule: Interest Rates […]
Small Savings Scheme Interest Rate – Jan – Mar’19 Read More »
The government has finally cut the interest rates offered on small savings schemes like PPF, Senior Citizen Savings Scheme, Post Office Fixed and Recurring Deposits and Sukanya Samriddhi Account by 0.4% to 1.3%. The much publicized Sukanya Samriddhi Yojna would have 8.6% interest as compared to 9.2% earlier. Similarly for Senior Citizens Savings Scheme the
Ministry of Finance has come out with additional guidelines and new rules the way interest rates are determined for small saving schemes. These small saving schemes cover the following investments: PPF (Public Provident Fund) Sukanya Samriddhi Scheme Post office Monthly Income Scheme Senior Citizen Savings Scheme KVP (Kisan Vikas Patra) NSC (National Savings Certificate) Post
4 Changes in Small Saving Schemes like PPF, NSC, Post Office FD Read More »
Government has declared the interest rates to be paid on small saving schemes for FY 2015-16. These interest rates are revised at the start of every Financial Year. The interest paid on Sukanya Samriddhi Account has been raised to 9.2% from existing 9.1%. The investors of Senior Citizens Savings Scheme (SCSS) would also get increased
Sukanya Samriddhi interest raised to 9.2% while PPF remains at 8.7% for FY 2015-16 Read More »
