sponsored links
PPF and National Savings Certificate (NSC) will yield 7.9% annual interest from the earlier 8%. KVP will fetch 7.6% with maturity of 113 months as compared with 7.7% with maturity of 112 months.
The girl child savings scheme Sukanya Samriddhi Account will fetch a lower return of 8.4% as compared with 8.5%. Similarly, term deposits of 1-3 years will fetch interest rate of 6.9%, to be paid quarterly, while the five-year quarterly pegged at 7.7% and for recurring 7.2% from existing rate of 7.3%.
Important Points to Note :
- Govt has reduced interest rate on PPF to 7.9% from 8% now.
- Interest on 5year NSC has also been cut to 7.9%.
- Interest rate on Sukanya Samridhi Yojana has been brought down to 8.4% from 8.5%.
- Interest rate on Kisan Vikas Patra has come down to 7.6% from 7.7%. It will now mature in 113 months instead of 112 months.
- The interest rates on 5 year time deposits, 5-year recurring deposits and the 5-year Senior Citizens Savings Scheme have been lowered by 10 basis points.
- Senior citizens scheme will now attract an interest rate of 8.6%.
- 5-year time deposit and 5 year recurring deposit will attract interest rates of 7.7% and 7.2% respectively.
- Postal savings rate remains unchanged at 4%.
sponsored links
0 Responses:
Post a Comment