There is good news for those investing in Small Savings Schemes. The Central Government has increased the interest rates on Small Savings Schemes. Interest rates have been increased for Sukanya Samriddhi Yojana, National Savings Certificate (NSC), Kisan Vikas Patra (KIsan Vikas Patra), Post Office Deposit Schemes and Senior Citizen Saving Schemes.
.Is. The interest rate of these savings schemes has been increased by 10 to 70 basis points. However, there has been no change in the interest rates of PPF. The interest rate of Sukanya Samriddhi Yojana has been increased from 7.6 percent to 8 percent. The interest on Monthly Income Account has now increased from 7.1 per cent to 7.4 per cent and on Kisan Vikas Patra from 7.2 per cent to 7.5 per cent.
Those investing in Senior Citizen Savings Schemes will now get 8.2 per cent interest instead of 8 per cent.
Interest rates on time deposits also increased
The government has also increased the interest rates on time deposits of one, two, three and five years. Now one year time deposits will get 6.8 percent interest. Till now 6.6 percent interest was being received. 6.9 percent interest will be available on two-year time deposits. Earlier this rate interest rate was 6.8 percent.
Similarly, the interest on three-year time deposits has been increased from 6.9 per cent to 7.0 per cent. Investors will now get 7.5 per cent interest instead of 7 per cent on 5-year time deposits.
