Articles for Bps, search results for schemes

PPF returns 41 bps behind formula rates
1 year, 4 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 …

Savings Interest Rates Quarter Rate Rbi Rates Small
Govt Raises Interest Rates On Small Savings Schemes By Up To 30 bps for July-Sept 2023; Latest Rates
1 year, 8 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 …

Savings Interest Rates Interest Small Savings Schemes Cent Quarter Rates
Despite hikes, small savings scheme rates still to catch up
1 year, 10 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 …

Savings Quarter Rbi Rates Small Scheme Returns
Post Office Savings Schemes Compete With Bank FDs After 3 Hikes in Rates by Govt
1 year, 11 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 …

Bank Interest Rates Interest Small Savings Schemes Term Cent Rbi
Govt Hikes Interest Rates On Small Savings Schemes By Up To 70 bps for April-June 2023; Latest Rates
1 year, 11 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 …

Savings Office Interest Rates Interest Small Savings Schemes Public Provident Fund Cent
Centre hikes interest rates on some small savings schemes by up to 70 bps
1 year, 11 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 …

Savings Interest Rates Interest Small Savings Schemes Cent Rate Rates
Senior citizens alert! interest rates go up on small savings schemes
2 years, 2 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 …

Tax Office Interest Rates Small Savings Schemes Senior Citizens Rate Rates
Small savings rates raised by 10-30 bps; PPF, NSC excluded
2 years, 5 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. …

Savings Interest Rates Cent Scheme Earn
Small savings schemes – an island in an ocean of rising rates
2 years, 8 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 …

Savings Interest Rates Small Savings Schemes Rate Rates Schemes Bps
Interest rates of PPF, Kisan Vikas Patra and other small savings schemes slashed; new rates will be applicable from today (1 April)
4 years, 11 months ago

Interest rates of PPF, Kisan Vikas Patra and other small savings schemes slashed; new rates will be applicable from today (1 April)

Firstpost  

People with accounts in Public Provident Fund, Kisan Vikas Patra and National Savings Certificate will earn less after the rates were cut by 70-140 basis points. The government has announced a cut in the interest rates of various small savings schemes for the April-June quarter. The interest rates of all small savings schemes are readjusted in every quarter and have …

Savings Interest Rates Interest Small Savings Schemes Cut Rates Bps
Govt hikes General Provident Fund interest rate by 40 bps to 8% for Oct-Dec quarter
6 years, 4 months ago

Govt hikes General Provident Fund interest rate by 40 bps to 8% for Oct-Dec quarter

Firstpost  

The interest rate would apply on Provident Funds of central government employees, railways and defence forces. New Delhi: The government has increased the rate of interest for General Provident Fund and other related schemes by 0.4 percentage points to 8 percent for the October-December quarter. “… during the year 2018-2019, accumulations at the credit of subscribers to the General Provident …

Interest Fund Rate Provident General Provident Fund
Pushing margin-hungry banks to cut loan rates may not augur well for savers
9 years, 5 months ago

Pushing margin-hungry banks to cut loan rates may not augur well for savers

Firstpost  

Following the latest rate cut from the RBI by a higher-than-expected 50 bps, banks have begun cutting their base rates in the last two days. It’s a different issue altogether how much a few basis points reduction in the base rates or minimum lending rates of banks would actually benefit the individual home, auto loan borrowers. Despite the Reserve Bank …

Savings Indian Loan Interest Rate Rbi Cut