Small Financial savings Schemes Rate of interest: The federal government has given excellent news on Friday to these investing in Small Financial savings Scheme. Nevertheless, the federal government has not made any change within the rates of interest of PPF (Public Provident Fund), NSC (Nationwide Financial savings Certificates), Kisan Vikas Patra (KVP), Senior Citizen Financial savings Scheme (SCSS), Sukanya Samriddhi Yojana (SSY).
Small Financial savings Schemes Rate of interest: The federal government has given excellent news on Friday to these investing in small financial savings schemes. The rates of interest of Small Financial savings Schemes have been modified and the federal government has elevated the rates of interest for the second quarter. For July-September, the federal government has elevated these small financial savings schemes by 10-30 bps.
This time the federal government has not made any change within the curiosity of PPF (Public Provident Fund), NSC (Nationwide Financial savings Certificates), Kisan Vikas Patra (KVP), Senior Citizen Financial savings Scheme (SCSS), Sukanya Samriddhi Yojana (SSY).
What are Possession Holders on Small Financial savings Mortgages?
Was this modification final time?
For the primary quarter of the present monetary yr i.e. April-June 2023, the rates of interest of just one small financial savings scheme (Small Financial savings Schemes Rate of interest) had been modified. Then the federal government had elevated the curiosity on 5-year Nationwide Financial savings Certificates (NSC) by 0.70 % to 7.7 %. This was the third consecutive quarter, when the curiosity of any of the small financial savings schemes has been elevated. Previous to this modification, the very best curiosity of as much as 8.2 per cent was being acquired on Senior Citizen Financial savings Schemes (SCSS).
