WebApr 1, 2024 · Having said that, here is a list of interest rates for various small savings schemes: PPF interest rate: 7.1 per cent. NSC interest rate: 6.8 per cent. Savings deposit interest rate: 4 per cent. Kisan Vikas Patra interest rate: 6.9 per cent (maturity of 124 months) Sukanya Samriddhi Yojana interest rate: 7.6 per cent. WebApr 9, 2024 · The last repo rate hike by the RBI was in February 2024. With three consecutive increases in the interest rate on SSIs, the return on 2-year post office term deposits …
Fixed income: Smart strategy for higher returns
WebMar 31, 2024 · Interest rates for small savings schemes are notified on a quarterly basis. The one-year term deposit scheme will continue to earn an interest rate of 5.5 per cent in the first quarter of the next fiscal, while the … WebApr 11, 2024 · Senior Citizen Savings Scheme. An individual above 60 can invest in a five-year Senior Citizen Savings Scheme which is offering interest of 8.2%. The minimum and maximum amount of investment is Rs ... ipledge survey
Govt Hikes Interest Rates On Small Savings Schemes By Up To 70 …
WebJun 30, 2024 · Interest rates for small savings schemes are notified on a quarterly basis. The one-year term deposit scheme will continue to earn an interest rate of 5.5 per cent in the second quarter. It is to be noted that the country's biggest lender State Bank of India (SBI) raised interest rate on one-year fixed deposit 5.10 per cent following two ... WebMar 31, 2024 · The government has hiked the interest rates of small savings schemes by up to 70 basis points (bps) for the April-June 2024 quarter. The interest rates of schemes like the Senior Citizen Savings Scheme (SCSS), Monthly Income Savings Scheme (MIS), National Savings Certificate (NSC), Kisan Vikas Patra (KVP), time deposits and Sukanya Samriddhi … WebFeb 3, 2024 · Small savings schemes are investment tools administered by the government to encourage people to save for the long term. Public Provident Fund ( PPF ), Senior Citizens Small Savings Scheme (SCSS), … ipledge switch