PPF, Senior Citizen Savings Scheme, Sukanya Samriddhi Interest Rates May Hike Soon; Know Here
2 years, 6 months ago

PPF, Senior Citizen Savings Scheme, Sukanya Samriddhi Interest Rates May Hike Soon; Know Here

News 18  

Post Office Savings Scheme: Lakhs of Indian citizens, especially those who have a low risk appetite, depend on various post office savings schemes designed for specific groups or individuals. Keeping that in mind, investors of the National Savings Certificate, Sukanya Samriddhi Yojana, Senior Citizens Savings Scheme or Public Provident Fund are likely to get a good news later next month. No Rate Hike on Small Savings Schemes Recently As mentioned earlier, the government has not hiked the interest rates of small savings schemes and post office schemes in a long time, especially after the Covid-19 pandemic that affected the country’s economy badly. In its quarterly review this year for the April to June Quarter, the Centre decided to keep the interest rates same on small savings schemes like the Public Provident Fund and Sukanya Samriddhi Yojana as the quarter ended March 31 2022. Current Interest Rates on Post Office Schemes Here are the current interest rates on post office savings schemes, which have come into effect from April 1 this year.

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History of this topic

Public Provident Fund: Is PPF a smart investment tool for income tax savings and ITR filing?
21 hours, 9 minutes ago

Public Provident Fund: Is PPF a smart investment tool for income tax savings and ITR filing?

Live Mint  

Public Provident Fund is a reliable mode of investing for people who want to save taxes while also earning substantial returns on their investments. The fact that PPF is exempt from taxes in all three phases—during investment, interest accumulation, and withdrawal—gives it an edge and makes it one of the best tax-saving options available under Section 80C of the Income …

Post office schemes: 8 financial instruments offer assured return up to 8.2%
1 month ago

Post office schemes: 8 financial instruments offer assured return up to 8.2%

Live Mint  

Are you a conservative investor who is looking to invest in some safe financial instrument? These schemes include PPF, monthly income account, senior citizens savings scheme, post office savings account, National Savings Certificate, Kisan Vikas Patra and Sukanya Samriddhi Account. Post office savings account: It offers 4 percent per annum on individual/joint account. Financial Instrument Annual interest PPF 7.1 Monthly …

Public Provident Fund vs Sukanya Samriddhi Yojana vs Post Office Fixed Deposit: Latest interest rates compared
1 month, 1 week ago

Public Provident Fund vs Sukanya Samriddhi Yojana vs Post Office Fixed Deposit: Latest interest rates compared

Live Mint  

Saving is a vital part of life, whether for retirement or building an emergency fund. Here, we compare the most recent interest rates for Post Office Fixed Deposits, Sukanya Samriddhi Yojana, and PPF. Sukanya Samriddhi Yojana latest interest rates Sukanya Samriddhi account is a popular savings option for Indian parents of daughters. Post Office Fixed Deposit's latest interest rates The …

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 …

Small Savings Schemes: What are the latest interest rates offered? Detailed comparison
9 months, 3 weeks ago

Small Savings Schemes: What are the latest interest rates offered? Detailed comparison

Live Mint  

Small savings schemes are financial instruments managed by the Central government to encourage households to inculcate the habit of saving. A lowdown on small savings scheme Post Office Savings Account: It can be opened by making a minimum deposit of ₹500 while minimum withdrawal amount is ₹50. The interest rate offered is 4 percent per annum on individual/ joint accounts …

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 …

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 …

Central Government Increases Interest Rates Of Sukanya Samriddhi Yojana To 8%
1 year, 8 months ago

Central Government Increases Interest Rates Of Sukanya Samriddhi Yojana To 8%

News 18  

The central government has increased the Sukanya Samriddhi Yojana interest rates from 7.60% to 8%. Although the SSY interest rates are variable every quarter, investors who start their Sukanya Samriddhi Yojana account investments after the birth of their first girl child can expect to receive returns of between 7.60 and 8%. The girl child will become financially independent at age …

Post Office Savings Schemes Compete With Bank FDs After 3 Hikes in Rates by Govt
1 year, 8 months ago

Post Office Savings Schemes Compete With Bank FDs After 3 Hikes in Rates by Govt

News 18  

Post office term deposits, which were fetching lesser returns than bank FDs in the recent past, have again become competitive with the government effecting three back-to-back increases in interest rates on small savings schemes. The return on post office term deposits of two years under the small savings schemes is 6.9 per cent, the same as offered by most banks …

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 …

PPF, Sukanya Samriddhi Account interest rate hike may remain elusive
1 year, 8 months ago

PPF, Sukanya Samriddhi Account interest rate hike may remain elusive

The Hindu  

Investors in the popular small saving schemes Public Provident Fund and Sukanya Samriddhi Account, whose rates have not been hiked since January 2019, are unlikely to get higher returns anytime soon, a top government official has indicated. The last time the PPF and SSA rates were tweaked was when they were slashed sharply in April 2020 along with the returns …

Budget 2023: Government raises interest rate on Senior Citizens’ Savings Scheme to 8%; all you need to know
1 year, 10 months ago

Budget 2023: Government raises interest rate on Senior Citizens’ Savings Scheme to 8%; all you need to know

Live Mint  

Senior citizens have a lot to rejoice with as the Union Finance Minister Nirmala Sitharaman announced reforms in the Budget 2023, allowing senior citizens to save and invest more for their future. The maximum deposit level of the Senior Citizens' Saving Scheme has been enhanced from Rs 15 lakh to Rs 30 lakh. The Union Budget 2023 has proposed to …

Senior citizens alert! interest rates go up on small savings schemes
1 year, 11 months ago

Senior citizens alert! interest rates go up on small savings schemes

Live Mint  

Investors in small savings schemes have a reason to rejoice, especially if they are senior citizens. Interest rates on five small savings schemes—Senior Citizen Savings Scheme, National Savings Certificate, Monthly Income Savings Scheme, Kisan Vikas Patra and post office time deposits—have been hiked by 20-110 basis points for the January-March quarter. The 8% interest rate on SCSS is higher by …

Interest Rate Hike On Post Office Time Deposits, Senior Citizen Savings Schemes, NSC Applicable From Today. Check Details
1 year, 11 months ago

Interest Rate Hike On Post Office Time Deposits, Senior Citizen Savings Schemes, NSC Applicable From Today. Check Details

ABP News  

New Delhi: The interest rate hike announced on small deposits including post office term deposits, NSC, and senior citizen savings scheme will be effective from today. What Investors Stand To Gain With the revision, National Savings Certificate will yield a 7 per cent interest rate from January 1 compared to 6.8 per cent at present. Similarly, the senior citizen savings …

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 …

Post Office Savings Account Interest Rate Remains Unchanged For Q3 FY23
2 years, 2 months ago

Post Office Savings Account Interest Rate Remains Unchanged For Q3 FY23

News 18  

The government has increased the interest rates for a few small savings schemes for the October-December quarter of the fiscal year 2023. However, there was no change in the interest rates for many schemes including Public Provident Fund, National Savings Certificate and Post Office Savings. Currently, 4 per cent annual interest rate is offered on post office savings for individual …

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 Account in Post Office: Know Features, Tax Benefits, Interest Rates of Public Provident Fund
2 years, 3 months ago

PPF Account in Post Office: Know Features, Tax Benefits, Interest Rates of Public Provident Fund

News 18  

Public Provident Fund Calculator: The Public Provident Fund, or PPF, was launched by the Indian government years ago to benefit small savers, who do not have a risk taking appetite. PPF provides one of the highest interest rates among small savings schemes at 7.1 per cent per annum. Here is How You Can Withdraw PPF Money For premature withdrawals, a …

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 …

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 vs EPF vs FD: Check latest interest rates
2 years, 8 months ago

PPF vs EPF vs FD: Check latest interest rates

India Today  

Employees Provident Fund, fixed deposit and Public Provident Fund are popular among investors who prefer low-risk investment and a decent dividend. PPF INTEREST RATE The PPF interest rate for the first quarter of the new financial year remains at 7.1 per cent. EPF INTEREST RATE Recently, the EPF or Provident Fund interest rate was reduced to a four-decade low of …

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 …

Post Office Savings Scheme: Post Office FDs Give Better Interest Than Banks; Know Details
2 years, 9 months ago

Post Office Savings Scheme: Post Office FDs Give Better Interest Than Banks; Know Details

News 18  

Post Office Savings Scheme: Fixed Deposits have a different kind of relationships with the middle class and senior citizens in India. The Post Office fixed deposit also offers various benefits, apart from guarantees from the government, as well as higher interest rates than that of banks. Starting with interest offerings of 5.5 per cent for one year FD scheme, the …

PPF Account Opening in Post Office: Here's a Step-by-Step Guide to Open PPF
2 years, 11 months ago

PPF Account Opening in Post Office: Here's a Step-by-Step Guide to Open PPF

News 18  

Account holders should be aware that in order to make digital payments, they should first have an India Post Payments Bank Savings Bank Account. The post office saving schemes can be opened physically at a post office by filling an account opening application form or digitally using the India Post Payments Bank App. Currently, there are nine active schemes – …

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 …

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 …

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 …

PPF, NSC investments can now be made at any branch post office
4 years, 4 months ago

PPF, NSC investments can now be made at any branch post office

Live Mint  

Making it easier for you to invest in any government small saving schemes like PPF, NSC, etc, the postal department has now extended such schemes upto the branch post office level. "In order to strengthen its network and postal operations in rural areas and provide facility of small savings scheme to the vast majority in villages, the Department of Posts …

PPF deposit, Sukanya Samriddhi account opening relaxations end on July 31
4 years, 5 months ago

PPF deposit, Sukanya Samriddhi account opening relaxations end on July 31

Live Mint  

In view of the coronavirus crisis, the government has relaxed deposit, extension and account opening rules for many small savings schemes including Public Provident Fund or PPF and Sukanya Samriddhi Yojana. The government has allowed PPF subscribers to make deposits till 31st July in their accounts for FY 2019-20 subject to the condition of maximum deposit ceiling of ₹1.5 lakh. …

Latest interest rate on PPF, Sukanya Samriddhi, other Post Office deposits
4 years, 5 months ago

Latest interest rate on PPF, Sukanya Samriddhi, other Post Office deposits

Live Mint  

The government has kept interest rates unchanged for small savings schemes, including that of Public Provident Fund and Senior Citizens’ Savings Scheme, for the July-September quarter. Interest rates for small savings schemes are notified on a quarterly basis. Post office savings accounts will continue to fetch 4% interest Here are the interest rate on small savings schemes for July-September quarter: …

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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