There is good news for the investors investing in the government’s savings schemes. Now the government can give great returns on small yojana. These schemes include many schemes like Sukanya Samridhi Yojana, NSC, PPF. The interest rate on these schemes can be increased. Explain that the announcement is made by the Ministry of Finance after reviewing the interest rates before every quarter.
Big decision can be taken after 5 days
In this episode, the interest rates on these schemes can be increased by the Finance Ministry in the month of September this year. It is being told that interest rates can increase from 0.50 to 0.75 percent.
It is to be known that even after the decision of increasing the repo rate twice earlier, RBI did not make any change in the interest rates in the month of June. Now after reviewing the interest rates in the third quarter of this financial year, the interest rates of savings schemes can be changed. It is expected that this decision can be taken on 30 September 2022.
FD interest rises after repo rate hike
After the increase in the repo rate by the Reserve Bank of India, banks have increased the interest on deposits. After which it is now being said that the interest on government savings schemes can also be increased. Currently, 7.1% annual interest rate is being given on PPF. At the same time, the interest rate available on NSC is 6.8 percent. On the other hand, if we talk about Sukanya Samriddhi Yojana, at present 7.6 percent interest rate is being given on it, which is likely to increase further.
