Govt cuts interest rates on small savings schemes, PPF hits 46-year low of 6.4%
3 years, 8 months ago

Govt cuts interest rates on small savings schemes, PPF hits 46-year low of 6.4%

India Today  

The Finance Ministry on Wednesday announced a sharp cut in interest rates for small savings schemes for the first quarter of the financial year 2021-22. The interest rate for National Savings Certificate was also slashed to 5.9 per cent from 6.8 per cent, while Sukanya Samriddhi Account’s scheme has been from 7.6 per cent to 6.9 per cent. As per the interest rate list, one-year time-deposit rates have been cut to 4.4% from 5.5% while for 2,3,5 year time deposit and 5-year recurring deposit interest rates applicable from tomorrow will be 5 per cent, 5.1 per cent, 5.8 per cent and 5.3 per cent respectively compared to 5.5 per cent, 5.5 per cent, 6.7 per cent and 5.8 per cent, respectively. The interest rate for Senior Citizen Savings Schemes was also reduced by 90 bps to 6.5 per cent. The interest rate for savings deposits has been cut to 3.5 per cent from 4 per cent, while 1-5 year time deposit will fetch interest in the range of 4.4 per cent-5.8 per cent.

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PPF: Interest rate offered on Public Provident Fund vis-a-vis other Small Savings Schemes. Check entire list here
1 month, 2 weeks ago

PPF: Interest rate offered on Public Provident Fund vis-a-vis other Small Savings Schemes. Check entire list here

Live Mint  

Are you looking to invest in a safe financial instrument for a long term investment? Other small savings scheme besides PPF Post office savings account: It offers 4 percent interest per annum. 1-year-time deposit: It gives 6.9 per cent interest per annum 2-year time deposit: It offers 7 per cent interest per annum. Senior Citizen Savings Scheme: This scheme offers …

Will Govt Increase Interest Rates Of Small Savings Schemes? Know Past Trends
3 months, 2 weeks ago

Will Govt Increase Interest Rates Of Small Savings Schemes? Know Past Trends

News 18  

Small savings schemes in India are designed to provide individuals with safe and attractive options for saving money. Small Savings Scheme Interest Rate 2024 The government, in June, had decided to maintain the current interest rates on all small savings schemes for the July to September period. “The rates of interest on various small savings schemes for the second quarter …

PPF, Post Office Deposits, SSY: Govt Keeps Interest Rates Unchanged On Small Savings Schemes for Q2 FY25
5 months, 3 weeks ago

PPF, Post Office Deposits, SSY: Govt Keeps Interest Rates Unchanged On Small Savings Schemes for Q2 FY25

News 18  

The government on Friday kept the interest rates unchanged on small savings schemes, including Public Provident Fund, Sukanya Samriddhi Yojana, Senior Citizens Savings Schemes and post office time deposits, for July-September 2024, according to a notification by the finance ministry on Friday. Interest rates on small savings schemes like PPF, post office savings and term deposits, NSC and SSY, are …

Here are the latest interest rates of PPF, NSC, KVP, SSY and other small savings schemes from April 1 onwards
8 months, 3 weeks ago

Here are the latest interest rates of PPF, NSC, KVP, SSY and other small savings schemes from April 1 onwards

Live Mint  

Within fixed-income instruments, small savings schemes such as PPF, SSY, NSC, and KVP are quite popular among investors thanks to the fixed and assured returns they offer. Within fixed-income instruments, small savings schemes are the ones which are quite popular among the masses, and many investors opt for them for the fixed and assured returns they offer. {{^adFree}} {{/adFree}} It …

Interest rate for small savings schemes to remain unchanged for April-June 2024 quarter: Centre
9 months, 2 weeks ago

Interest rate for small savings schemes to remain unchanged for April-June 2024 quarter: Centre

Hindustan Times  

The Finance Ministry on Friday announced the interest rates for small savings schemes for the upcoming quarter of April-June 2024, stating that the Centre has decided to keep the rates applicable to these schemes unchanged. The government announced that the interest rates for small savings schemes will remain unchanged In a memorandum issued on March 8, the Ministry of Finance …

Highest interest rates for fixed-term deposit savings falls below 4 percent
10 months, 1 week ago

Highest interest rates for fixed-term deposit savings falls below 4 percent

NL Times  

Savers wanting to lock up interest rates for fixed-term deposit accounts will now receive a lower interest rate than before. The highest interest rate dropped back below 4 percent for savings accounts where money may not be accessed for a specified period of time. By lowering this interest rate, banks are signalling their anticipation that the European Central Bank will …

Senior citizens savings scheme collection spikes, PPF rates remain same
1 year, 2 months ago

Senior citizens savings scheme collection spikes, PPF rates remain same

Live Mint  

Total collections made under small savings schemes witnessed a jump in September quarter, with deposits for the Senior Citizens Savings Scheme rising nearly 2.5 times year-on-year to ₹74,675 crore, reported Indian Express. The interest rate for Senior Citizens Savings Scheme was raised to 8.2 per cent from 8 per cent in June quarter this year and has been kept unchanged …

PPF returns 41 bps behind formula rates
1 year, 2 months ago

PPF returns 41 bps behind formula rates

The Hindu  

Returns on the Public Provident Fund, frozen at 7.1% since April 2020, should have been pegged at 7.51% for this quarter as per the formula-based rates regime for small savings schemes adopted in 2016, Reserve Bank of India calculations showed. Pre-poll hikes possible With government bond yields hardening over the past month, economists say there may be some room for …

Small Savings Schemes: Govt Likely To Keep Interest Rates Unchanged For October-December 2023, Says Expert
1 year, 3 months ago

Small Savings Schemes: Govt Likely To Keep Interest Rates Unchanged For October-December 2023, Says Expert

News 18  

Even as the interest rates on small savings schemes, including PPF, NSC and KVP, are reviewed every quarter, the government will revise interest rates on such schemes for October-December 2023 at the end of this month — September 29 or September 30. An expert said that going by the G-Sec yields trend, the interest rates on small savings schemes are …

Govt Raises Interest Rates On Small Savings Schemes By Up To 30 bps for July-Sept 2023; Latest Rates
1 year, 5 months ago

Govt Raises Interest Rates On Small Savings Schemes By Up To 30 bps for July-Sept 2023; Latest Rates

News 18  

The government on Friday hiked interest rates on some small savings schemes for the July-September 2023 quarter. It has increased 10 basis points on 1-year and 2-year post office time deposits to 6.9 per cent and 7.0 per cent, respectively, and raised 30 bps on 5-year recurring deposits to 6.5 per cent, according to an official statement. Latest Interest Rates …

No small change: on the raising of returns on small savings schemes
1 year, 8 months ago

No small change: on the raising of returns on small savings schemes

The Hindu  

Indian households’ financial surpluses parked in small savings schemes operated by banks and post offices got a significant fillip this quarter, with the government raising the returns on most such schemes by 0.1 to 0.7 percentage points. For October 2022 to December 2022, a mere 0.1 to 0.3 percentage hike was announced on just five of the dozen small savings …

Despite hikes, small savings scheme rates still to catch up
1 year, 8 months ago

Despite hikes, small savings scheme rates still to catch up

The Hindu  

Despite successive hikes in the interest rates on several small savings instruments in the last three quarters, the returns on five such schemes are still significantly lower than what they should have fetched as per the formula adopted for them. For the current quarter, interest rates on most small savings instruments were raised by 10-70 bps, barring the Public Provident …

Bank FD Vs Small Savings Schemes: Which Gives More Returns? PPF, NSC, SSY Latest Interest Rates
1 year, 8 months ago

Bank FD Vs Small Savings Schemes: Which Gives More Returns? PPF, NSC, SSY Latest Interest Rates

News 18  

Fixed deposits have been witnessing interest rate hikes since May last year as the RBI has raised 250 basis points in the key repo rate, thus prompting banks to raise the interest rates on FDs. Currently, HDFC Bank offers up to 7.1 per cent interest rates for the general public and up to 7.6 per cent rates for senior citizens. …

Govt Hikes Interest Rates On Small Savings Schemes By Up To 70 bps for April-June 2023; Latest Rates
1 year, 8 months ago

Govt Hikes Interest Rates On Small Savings Schemes By Up To 70 bps for April-June 2023; Latest Rates

News 18  

The government has increased interest rates on small savings schemes, including post office time deposit, Senior Citizen Savings Scheme and National Savings Certificate, by up 70 basis points, according to a circular issued by the finance ministry on Friday. According to the circular, the highest interest rate hike was made in the NSC from 7 per cent to 7.7 per …

Bank FD Vs PPF, NSC, Other Small Savings Schemes: Which Gives More Interest Rates? Check Comparison
1 year, 10 months ago

Bank FD Vs PPF, NSC, Other Small Savings Schemes: Which Gives More Interest Rates? Check Comparison

News 18  

The RBI MPC meeting, which is taking place between February 6-8, will announce its decision on the repo rate hike on Wednesday, February 8. Currently, HDFC Bank offers up to 7 per cent interest rates for the general public and up to 7.5 per cent rates for senior citizens. Following the hike, the bank is offering FD interest rates of …

Govt hikes interest rates on small deposits, NSC and post office deposits from Jan 1; no change in PPF rate
1 year, 11 months ago

Govt hikes interest rates on small deposits, NSC and post office deposits from Jan 1; no change in PPF rate

India TV News  

Interest rates hike: In accordance with firming interest rates in the economy, the Central government on Friday hiked the interest rates on small deposits by up to 1.1 percentage points from January 1. According to reports, the interest rates have also been raised on post office term deposits, National Saving Certificate and senior citizen savings schemes. However, the interest rates …

Let’s talk about the downside of ultra-dovish policy
2 years, 1 month ago

Let’s talk about the downside of ultra-dovish policy

Live Mint  

Interest rates have been on their way up across the world. Data from the Reserve Bank of India tells us that nearly two-fifths of the incremental financial savings in 2020-21 were invested in fixed deposits. The rate of interest on offer on various government provident funds, the PPF and small savings schemes was and is higher than on fixed deposits. …

PPF, KVP, Post Office Deposits; Check Latest Interest Rates On Small Savings Schemes
2 years, 2 months ago

PPF, KVP, Post Office Deposits; Check Latest Interest Rates On Small Savings Schemes

News 18  

Latest Interest Rates On Small Savings Schemes: After over two years of remaining unchanged, the government has revised upwards the interest rates on small savings schemes, including Kisan Vikas Patra and time deposits, up to 30 basis points for October-December 2022. Interest rates have been revised upwards for Kishan Vikas Patra, senior citizens savings scheme, monthly income account scheme, and …

Small savings rates raised by 10-30 bps; PPF, NSC excluded
2 years, 2 months ago

Small savings rates raised by 10-30 bps; PPF, NSC excluded

Deccan Chronicle  

New Delhi: After a gap of nine quarters, the central government on Thursday raised interest rates on a handful of small savings schemes that do not get income tax benefit. With the revision, a three-year time deposit with post offices would earn 5.8 per cent from the existing 5.5 per cent, for the third quarter of the current financial year. …

Small Savings Scheme: Will Govt Raise Interest Rates For October-December 2022?
2 years, 2 months ago

Small Savings Scheme: Will Govt Raise Interest Rates For October-December 2022?

News 18  

Interest rates on small savings schemes, including PPF, Sukanya Samriddhi Yojana and Senior Citizens Savings Scheme, have remained unchanged since the first quarter of 2020-21. A senior banker told news18.com that the government will monitor the country’s liquidity position and inflation before deciding on the interest rates of small savings schemes. The finance ministry had said, “The rates of interest …

PPF, Senior Citizen Scheme, Others: Want to Invest? Check How Much Return You Will Get
2 years, 5 months ago

PPF, Senior Citizen Scheme, Others: Want to Invest? Check How Much Return You Will Get

News 18  

Post Office Savings Scheme Interest Rates: The government has recently said in an order that the interest rates of various small savings schemes including Sukanya Samriddhi Yojana, Senior Citizens Savings Scheme and the Public Provident Fund, will remain unchanged for the July-September 2022 quarter even as inflation rates remained high in the country. As per the latest circular Public Provident …

Small savings schemes – an island in an ocean of rising rates
2 years, 5 months ago

Small savings schemes – an island in an ocean of rising rates

Live Mint  

Expectations were high, and probably rightly so, that the Ministry of Finance would announce a hike in the small savings scheme interest rates. Small savings schemes include many popular schemes such as the Post Office time deposits, the Public Provident Fund, the Senior Citizen Savings Scheme and the National Savings Certificate, among others. Deposit rates rising Ever since the Reserve …

PPF, NSC, Other Small Savings Schemes Interest Rates Kept Unchanged For July-September
2 years, 5 months ago

PPF, NSC, Other Small Savings Schemes Interest Rates Kept Unchanged For July-September

News 18  

The central government on Thursday decided to keep interest rates unchanged on small savings schemes, including Sukanya Samriddhi Yojana, Senior Citizens Savings Scheme or Public Provident Fund, for the July-September 2022 quarter. The post office savings deposits will now continue to offer an interest rate of 4 per cent per annum. National Saving Certificates and Kisan Vikas Patra are currently …

PPF, Sukanya Samriddhi, Senior Citizen Scheme: Govt to Hike Rates for September Quarter?
2 years, 5 months ago

PPF, Sukanya Samriddhi, Senior Citizen Scheme: Govt to Hike Rates for September Quarter?

News 18  

Post Office Savings Scheme Interest Rates: Stock markets and cryptocurrencies have recently been volatile, with traders experiencing huge losses in several sessions. Small savings schemes, including post office savings schemes like PPF, SSY and senior citizens savings scheme have their interest rates set by the government at the beginning of each quarter. 5-year Monthly Income Account: 6.6 per cent Post …

EPF Interest At 4-Decade Low: Here're Current Rates Offered By PPF, NSC, Kisan Vikas Patra
2 years, 6 months ago

EPF Interest At 4-Decade Low: Here're Current Rates Offered By PPF, NSC, Kisan Vikas Patra

News 18  

The government has ratified a four-decade-low interest rate of 8.1 per cent on employees’ provident fund deposits for 2021-22. Post office savings deposits offer an interest rate of 4 per cent per annum, while time deposits of the tenure 1-3 years offer 5.5 per cent per annum. National Saving Certificates and Kisan Vikas Patra are offering annual interest rates of …

EPF still top scorer despite cut in interest rate to 40-year low - 5 Reasons
2 years, 6 months ago

EPF still top scorer despite cut in interest rate to 40-year low - 5 Reasons

India TV News  

EPF Interest Rate 2021-22, EPF Interest Rate Cut: The Employees’ Provident Fund Organisation, responsible for regulation and management of provident funds in the country, has cut the interest rate on EPF to a 40-year-low of 8.1 per cent for the financial year 2021-22, causing more pain to the salaried class at a time when inflation is at an 8-year-high. A …

Centre okays slashing PF interest rate
2 years, 6 months ago

Centre okays slashing PF interest rate

The Hindu  

The Union Finance Ministry has approved the EPFO Central Board of Trustees’ decision taken in March to reduce the interest rate on PF accounts to 8.1% from 8.5%. “The Ministry of Labour and Employment, Government of India, has conveyed the approval of the Central Government under para 60 of Employees’ Provident Fund Scheme, 1952 to credit interest at the rate …

Public Provident Fund: Here are 7 things you should know about PPF scheme
2 years, 7 months ago

Public Provident Fund: Here are 7 things you should know about PPF scheme

Live Mint  

Public Provident Fund is one of the most popular saving scheme with limited risk-free investment tool. As per the PPF loan rules, an account holder can get loan against PPF account from 3rd to 6th year of PPF account opening and the PPF loan interest rate is just 1 per cent. Gaurav Kapoor said another feature PPF offers is loan …

PPF, Senior Citizen Savings Scheme Offering Better Returns Than Bank FDs? Know In Details
2 years, 8 months ago

PPF, Senior Citizen Savings Scheme Offering Better Returns Than Bank FDs? Know In Details

News 18  

Even as fixed deposits are now giving slightly more returns than earlier since several banks have recently raised their interest rates on them, small savings schemes are still offering more attractive returns. The returns on small savings schemes, such as PPF, senior citizen savings scheme, National Savings Certificate and Sukanya Samriddhi Account Scheme, range between 4 per cent and 8.1 …

PPF, NSC, small savings schemes interest rates announced | Check full list
2 years, 8 months ago

PPF, NSC, small savings schemes interest rates announced | Check full list

India Today  

Interest rates on small savings schemes, including NSC, PPF, and Sukanya Samriddhi Yojana, were announced by the government on Thursday. PPF, NSC INTEREST RATES Public Provident Fund and National Savings Certificate will continue to carry an annual interest rate of 7.1 per cent and 6.8 per cent, respectively, in the first quarter. "The rate of interest on various small savings …

'Return gift': Congress' jibe at BJP after EPFO cuts interest rate to 8.1%, lowest in 4 decades
2 years, 9 months ago

'Return gift': Congress' jibe at BJP after EPFO cuts interest rate to 8.1%, lowest in 4 decades

Hindustan Times  

The latest reduction in Employees' Provident Fund Organisation's interest rate is a "return gift" by the Bharatiya Janata Party to people after it secured a record win in the recently concluded assembly elections in five states, Congress general secretary and chief spokesperson Randeep Surjewala said on Saturday. "The EPFO has reduced the interest rate on PF deposits to the lowest …

Middle-class savings to dip as EPFO cuts interest rate to 8.1% for 2021-22
2 years, 9 months ago

Middle-class savings to dip as EPFO cuts interest rate to 8.1% for 2021-22

Hindustan Times  

The Employees’ Provident Fund Organisation, the state-run retirement fund manager and a popular savings scheme for millions of salaried middle-class Indians, on Saturday decided on an 8.1% interest on provident fund deposits for 2021-22, a downward revision. In the previous year, the fund manager kept the interest rate on savings steady at 8.5% but Saturday’s downward revision is lowest in …

PF, PPF, Senior Citizen Scheme Interest for This Quarter: Know Rates Before Investing
3 years, 2 months ago

PF, PPF, Senior Citizen Scheme Interest for This Quarter: Know Rates Before Investing

News 18  

Bringing a good news for investors, the government has kept the post office small savings schemes interest rates unchanged for the October-November-December 2021 quarter. The interest rate on PPF remains at 7.1 per cent per annum while for the Senior Citizen Savings Scheme, the interest rate is 7.4 per cent per annum. The 5-year Monthly Income Account Scheme is offering …

PPF, Sukanya Samriddhi, NSC Interest Rates Remain Unchanged for Next Quarter
3 years, 5 months ago

PPF, Sukanya Samriddhi, NSC Interest Rates Remain Unchanged for Next Quarter

News 18  

Finance ministry has kept the interest rates on small saving schemes such as Public Provident Funds, Senior Citizens Saving Schemes, National Saving Certificate, Kisan Vikas Patra unchanged for the July-September quarter. Among the other small savings schemes, the Sukanya Samriddhi Yojana will now attract an interest of 7.6 per cent per annum. For deposits accounts with five years tenure, individuals …

Why small savings rates won’t be cut
3 years, 6 months ago

Why small savings rates won’t be cut

Live Mint  

MUMBAI : The accounts of the central government for the fiscal year 2020-21 were published recently. This marked jump in the food subsidy bill—fuelled only in part by the pandemic—should make it easier for the government to cut the interest rates on small savings schemes, which include schemes like the National Savings Certificate, Public Provident Fund, Senior Citizens Savings Scheme, …

Nirmala Sitharaman tweets small savings rate cut order to be withdrawn; Congress calls it 'poll-driven hindsight'
3 years, 8 months ago

Nirmala Sitharaman tweets small savings rate cut order to be withdrawn; Congress calls it 'poll-driven hindsight'

Firstpost  

On Wednesday, in a jolt to savers, the finance ministry had reduced interest rate by up to 1.1 percent across various small savings schemes In a tweet on Thursday morning that simultaneously gave rise to cheer and dismay, Finance Minister Nirmala Sitharaman said that the “interest rates of small savings schemes will continue to be at the rates which existed …

Government withdraws cut in interest rates on PPF, NSC and other small savings schemes
3 years, 8 months ago

Government withdraws cut in interest rates on PPF, NSC and other small savings schemes

India TV News  

The Central government has rolled back cuts on interest rates on small savings schemes. "Interest rates of small savings schemes of the Government of India shall continue to be at the rates which existed in the last quarter of 2020-2021, ie, rates that prevailed as of March 2021. While the interest on savings deposit was cut from 4 per cent …

'Issued by Oversight': Govt Rolls Back Small Savings Rate Cut Within Hours, Interest to be Same as Last FY
3 years, 8 months ago

'Issued by Oversight': Govt Rolls Back Small Savings Rate Cut Within Hours, Interest to be Same as Last FY

News 18  

The government on Thursday morning rolled back the cut on interest rates on small savings schemes. “Interest rates of small savings schemes of GoI shall continue to be at the rates which existed in the last quarter of 2020-2021, ie, rates that prevailed as of March 2021. The ministry said the rate cuts “are in line with overall interest rate …

Govt Cuts Interest Rates on Small Savings From 4% to 3.5% With Effect From April 1; Provident Fund Rate Down by 0.7%
3 years, 8 months ago

Govt Cuts Interest Rates on Small Savings From 4% to 3.5% With Effect From April 1; Provident Fund Rate Down by 0.7%

News 18  

The government on Wednesday cut interest rates on small savings schemes, including NSC and PPF, by up to 1.1 per cent for the first quarter of 2021-22 in line with falling fixed deposit rates of banks. Interest rate on Public Provident Fund has been reduced by 0.7 per cent to 6.4 per cent while National Savings Certificate will now earn …

Here's a List of Small Saving Schemes in Fixed Income Group
3 years, 11 months ago

Here's a List of Small Saving Schemes in Fixed Income Group

News 18  

There’s good news for those sticking to their small saving schemes as the government has decided to keep the interest rates stagnant. A government circular confirming that the interest rates on small savings schemes will remain unchanged until the end of the financial year 2020-21, was released on December 31. As per that, Public Provident Fund will fetch 7.1 percent …

Interest Rate on PPF, NSC, Other Small Savings Schemes Unchanged for Q4
3 years, 11 months ago

Interest Rate on PPF, NSC, Other Small Savings Schemes Unchanged for Q4

News 18  

New Delhi:The government on Thursday kept the interest rates on small savings schemes, including PPF and NSC, unchanged for the January-March quarter amid moderating bank deposit rates. Public Provident Fund and National Savings Certificate will continue to carry an annual interest rate of 7.1 per cent and 6.8 per cent, respectively. Accordingly, the interest rate for the five-year Senior Citizens …

Reserve Bank interest rate cut could see you get less money back on your savings
4 years, 1 month ago

Reserve Bank interest rate cut could see you get less money back on your savings

ABC  

It might not be the worst problem to have during a recession, but for Australians with decent savings in the bank, record low interest rates are posing a dilemma. Key points: Banks have been reducing deposit rates to new lows during COVID-19 People with high savings in the bank are noticing a difference Banks might lower deposit rates further if …

Govt Keeps Interest Rates on Small Savings Schemes Unchanged for Oct-Dec Quarter
4 years, 2 months ago

Govt Keeps Interest Rates on Small Savings Schemes Unchanged for Oct-Dec Quarter

News 18  

The government on Wednesday kept the interest rates on small savings schemes, including PPF and NSC, unchanged for the October-December quarter amid moderating bank deposit rates. Public Provident Fund and National Savings Certificate will continue to carry an annual interest rate of 7.1 per cent and 6.8 per cent, respectively. Later, a finance ministry notification said the rates of interest …

PPF rates remain unchanged. Sukanya Samriddhi continues to fetch 7.6%
4 years, 5 months ago

PPF rates remain unchanged. Sukanya Samriddhi continues to fetch 7.6%

Live Mint  

The government today kept interest rates unchanged for small savings schemes, including that of popular Public Provident Fund or PPF, for the July-September quarter despite a fall in the interest rate in the overall financial system. Among the small savings schemes Sukanya Samriddhi Account will fetch the highest interest rate, at 7.6%. Latest Small Savings Schemes Interest Rate Latest Small …

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