Govt may cut rate on small savings schemes in next quarter
4 years, 9 months ago

Govt may cut rate on small savings schemes in next quarter

India TV News  

The government is considering rate moderation for small savings schemes in the upcoming quarter, a development that could lead to speedier transmission of monetary policy rate cuts, sources said. During the current quarter, the government refrained from cutting interest rates on small savings schemes, such as Public Provident Fund and National Savings Certificate, despite moderating bank deposit rates. Bankers have been complaining that high rates on small savings schemes prohibit them from cutting deposit rates. On December 31, 2019, the government decided to keep interest rates for small savings schemes like PPF and NSC unchanged at 7.9 per cent for the fourth quarter of the current financial year, while the rate for the Kisan Vikas Patra maturing in 113 months was kept at 7.6 per cent.

Savings Interest Rates Small Savings Schemes Pti Cent Quarter Cut Rates Small Schemes Interest Rate Mpc  interest  rate  savings  small  schemes  quarter  mpc  monetary  cent  govt  cut  rates

History of this topic

RBI may cut policy rates by 50 basis points in first half of 2025: Report
6 days, 19 hours ago

RBI may cut policy rates by 50 basis points in first half of 2025: Report

India TV News  

The Reserve Bank of India is expected to reduce policy rates by 50 basis points in the first half of 2025, according to a report by Jefferies. This follows the central bank's shift to a neutral liquidity stance and its recent reduction of the Cash Reserve Ratio by 50 bps during the last Monetary Policy Committee meeting. "After easing stance …

Post office schemes' interest rates unchanged for January-March 2025. Check here
1 week ago

Post office schemes' interest rates unchanged for January-March 2025. Check here

India Today  

As we enter the final quarter of FY 2024-25, the government has announced that the interest rates for various small savings schemes, also known as Post office schemes, including Public Provident Fund, Senior Citizen Savings Scheme, Sukanya Samriddhi Yojana, and others, will remain unchanged for the period from January to March 2025. CURRENT INTEREST RATES FOR POST OFFICE SCHEMES The …

Small savings schemes: Interest rates on PPF, SSY, SCSS remain unchanged for January-March quarter; Check rates
1 week, 2 days ago

Small savings schemes: Interest rates on PPF, SSY, SCSS remain unchanged for January-March quarter; Check rates

Live Mint  

Small savings schemes: The central government has kept the interest rates unchanged on various small savings schemes for the January-March quarter of the financial year 2024-25. According to an official notification by the finance ministry on Tuesday, December 31, the government left the interest rates unchanged on various small savings schemes, including PPF and NSC, for the fourth straight quarter …

2025 may ring in small savings rate cuts
1 week, 4 days ago

2025 may ring in small savings rate cuts

The Hindu  

Investors in small savings schemes should brace themselves for a year of interest rate cuts, and the first reduction in returns on these schemes may come as early as this week when the government resets rates for the January to March quarter. Although the PPF rate has remained unchanged since then, the Centre began hiking rates on other small savings …

U.S. Fed expected to cut again, despite uncertain path ahead
3 weeks, 1 day ago

U.S. Fed expected to cut again, despite uncertain path ahead

Raw Story  

The U.S. Federal Reserve is widely expected to cut interest rates by a quarter point on Wednesday and signal a slower pace of cuts ahead, brushing off uncertainty about inflation's downward path and the possible impact of some of President-elect Donald Trump's economic proposals. "If the Fed wasn't going to do that, they would have dissuaded markets of that notion …

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

Expert warning to savers after Bank of England base rate cut
5 months, 1 week ago

Expert warning to savers after Bank of England base rate cut

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our …

Big banks cut deposit rates to strengthen sector stability
5 months, 2 weeks ago

Big banks cut deposit rates to strengthen sector stability

China Daily  

This file photo shows a worker counting Chinese currency at a bank in Lianyungang, East China's Jiangsu province. Several major Chinese commercial banks cut deposit rates on Thursday, signaling a new round of deposit rate cuts that could pave the way for further reductions in policy benchmarks of lending rates to bolster economic growth, market analysts said. The LPR reduction …

PPF, Post Office Deposits, SSY: Govt Keeps Interest Rates Unchanged On Small Savings Schemes for Q2 FY25
6 months, 1 week 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 …

Too early for Bank to cut interest rates on Thursday, economists predict
8 months ago

Too early for Bank to cut interest rates on Thursday, economists predict

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Bank of England looks …

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

Federal Reserve officials caution against cutting US interest rates too soon or too much
10 months, 2 weeks ago

Federal Reserve officials caution against cutting US interest rates too soon or too much

Associated Press  

WASHINGTON — Several Federal Reserve policymakers warned Thursday against cutting U.S. interest rates too soon or by too much in the wake of recent data showing inflation stayed unexpectedly high in January. Christopher Waller, a member of the Fed’s influential board of governors, titled a written copy of remarks he delivered Thursday, “What’s the rush?” “We need to verify that …

Powell: Federal Reserve is on track to cut rates, though not likely for months
11 months, 1 week ago

Powell: Federal Reserve is on track to cut rates, though not likely for months

Associated Press  

WASHINGTON — Interest rate cuts are coming. Their statement said they don’t think it would be time to cut rates “until it has gained greater confidence that inflation is moving sustainably” to their 2% target. “I don’t think it’s likely that the committee will reach a level of confidence by the time of the March meeting” to start cutting rates, …

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 …

Government Increases Interest Rate on 5 Year Recurring Deposit Scheme
1 year, 3 months ago

Government Increases Interest Rate on 5 Year Recurring Deposit Scheme

Deccan Chronicle  

New Delhi: The government on Friday raised the interest rate on five-year recurring deposit scheme to 6.7 per cent from 6.5 per cent for the December quarter and retained the rates for all other small savings schemes. According to a finance ministry circular, the interest rate on savings deposit has been retained at 4 per cent and on the one-year …

Small Savings Schemes: Govt Likely To Keep Interest Rates Unchanged For October-December 2023, Says Expert
1 year, 4 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, 6 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 …

Centre hikes interest rates on small savings schemes for July-September quarter
1 year, 6 months ago

Centre hikes interest rates on small savings schemes for July-September quarter

Hindustan Times  

The Centre on Friday raised the interest rate on small savings schemes for July-September quarter by 10-30 basis points and now range from 4 per cent to 8.2 per cent. During the second quarter, the recurring deposit holders would get a 6.5 per cent interest against the existing 6.2 per cent. The interest rates for popular PPF and savings deposits …

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, 9 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, 9 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 …

Centre hikes interest rates on some small savings schemes by up to 70 bps
1 year, 9 months ago

Centre hikes interest rates on some small savings schemes by up to 70 bps

Live Mint  

The Central Government on 31 March hiked the rate of interests on various small savings schemes including Senior Citizen Savings scheme, Sukanya Samriddhi Account scheme, Monthly Income Savings scheme, National Savings Certificate, Kisan Vikas Patra, and all post office time deposits during the April to June quarter of financial year 2023-24. A look at new interest rates from next month …

Bank FD Vs PPF, NSC, Other Small Savings Schemes: Which Gives More Interest Rates? Check Comparison
1 year, 11 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 …

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

PPF, KVP, Post Office Deposits; Check Latest Interest Rates On Small Savings Schemes
2 years, 3 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, 3 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, 3 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 …

Small savings schemes – an island in an ocean of rising rates
2 years, 6 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, 6 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, 6 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, 7 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 …

National Savings Certificate Scheme Offers More Returns Than FDs: Key Features, Eligibility
2 years, 8 months ago

National Savings Certificate Scheme Offers More Returns Than FDs: Key Features, Eligibility

News 18  

At a time when there are global uncertainties amid the COVID-19 pandemic and the Russia-Ukraine war, stock markets are volatile and investors are also looking at safe investment avenues. This scheme is part of small savings schemes whose interest rates are revised every quarter as per changes in the bond yields. Recently, the government kept the interest rates on small …

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, 9 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 …

PPF, Sukanya Samriddhi, NSC Interest Rates Remain Unchanged for Next Quarter
3 years, 6 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, 9 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, 9 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, 9 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, 9 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 …

Govt cuts interest rates on small savings schemes, PPF hits 46-year low of 6.4%
3 years, 9 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 …

Interest Rate on PPF, NSC, Other Small Savings Schemes Unchanged for Q4
4 years 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, 2 months 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, 3 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, 6 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 …

Wrong time to reduce interest rates on small savings: P Chidambaram
4 years, 9 months ago

Wrong time to reduce interest rates on small savings: P Chidambaram

India TV News  

Former Union Finance Minister P. Chidambaram has slammed the government for reducing the interest rates on small savings and PPF and said it may be "technically correct but it's wrong time" as the country is amid lockdown due to fear of Covid-19 and people have no way of income. While reducing the interest rate on PPF and small savings may …

Discover Related