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Govt raises interest rates on most small saving schemes

by AIP Online Bureau | Apr 2, 2023 | Data, Eco/Invest/Demography, Policy, Wealth Management/ Philanthropy

With the revision, a one-year term deposit with post offices would earn 6.8 per cent (up from 6.6 per cent), for two years — 6.9 per cent (up from 6.8 per cent), three years — 7 per cent (up from 6.9 per cent) and five years — 7.5 per cent (7 per...

Govt hikes interest rates on some small savings schemes by up to 30 bps in Q3

by AIP Online Bureau | Sep 29, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy

Senior Citizen Savings scheme will earn 20 basis points more to 7.6 per cent from the existing rate of 7.4 per cent during the October-December period, a finance ministry notification said New Delhi: The government on Thursday raised rates on some small savings...

Interest rates on small savings schemes unchanged for Q4FY22

by AIP Online Bureau | Dec 31, 2021 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy

Public Provident Fund (PPF) and National Savings Certificate (NSC) will continue to carry an annual interest rate of 7.1 per cent and 6.8 per cent, respectively, in the fourth quarter as well New Delhi:The government on Friday kept interest rates on small savings...

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