Key Points
The Central Government has hiked the interest rates of several small savings schemes including Senior Citizen Savings Schemes (SCSS), National Savings Certificate (NSC), and Sukanya Samriddhi Yojana (SSY) and Post Office Monthly Income Scheme (POMIS) in the past couple of quarters...
However, the interest rate of the Public Provident Fund (PPF) has been unchanged since April 2020..
The interest rates of these small savings (PPF, SCSS and SSY) schemes are linked to market yields of the 10-year Government Securities in the secondary market..
The Central Government reviews the interest rates of small savings schemes every quarter based on the G-Secs yields of the previous three months..
If the Central Government changes the interest rate on small savings, then it might raise the interest rate of PPF by around 25 basis points, says Abhishek Kumar, a SEBI Registered Investment Advisor and Founder of SahajMoney...
You might be interested in
Will PPF interest rate increase for July-September quarter?
29, Jun, 23The central government has not revised the interest rate of PPF since April 2020. It has remained at 7.1 per cent since then. Will the interest rate of the Public Provident Fund (PPF) increase in July-September quarter? To know whether there will be a hike in PPF interest for the next quarter, you need to understand how the interest rate is calculated. Take a look
Interest rate on small saving schemes kept unchanged for Q1-2024-25
29, Mar, 24New Delhi [India], March 28 (ANI): The central government has kept the interest rates unchanged on various small savings schemes for the first quarter of the next financial year, beginning April 1. The rate of interest for the Sukanya Samridhi Scheme is 8.2 per cent while for three-year term deposits, the interest rate is 7.1 […]
Small Savings Scheme Interest Rates April-June 2024 announced: How much will you earn by investing in Sukanya Samriddhi, PPF, NSC, Kisan Vikas Patra etc?
08, Mar, 24India Business News: Small Savings Scheme Interest Rates April-June 2024: The government has announced the interest rates for small savings schemes for the April-June 2024
PPF, Sukanya Samriddhi Account interest rate hike may remain elusive
27, Mar, 23Investors in the popular small saving schemes Public Provident Fund (PPF) and Sukanya Samriddhi Account (SSA), whose rates have not been hiked since January 2019, are unlikely to get higher returns anytime soon, a top government official has indicated.
Interest rate hike for post-office plans, five-year recurring deposits
01, Jul, 23India Business News: The government has left interest rates on most small savings schemes unchanged, barring five-year recurring deposits, which will fetch 6.5% during the
Will govt hike PPF, Sukanya Samriddhi schemes’ interest rates in April 2023?
25, Mar, 23Interest rates of small savings schemes including PPF, Sukanya Samriddhi Yojana account (SSY), Senior Citizen Savings Scheme (SCSS), and National Savings Certificates (NSC) are due for revision at the end of this month. The rates will be applicable for the April-June quarter of FY2023-24. Will the interest rate of Public Provident Fund and Sukanya Samriddhi Yojana increase this time?
Small Savings Interest rates changed! Full list of post office schemes, SCSS, NSC, PPF, Sukanya Samriddhi rates for Jan-March 2024
29, Dec, 23India Business News: Small Savings Scheme Interest Rates 2024: The government has declared the interest rates for small savings schemes for the January-March 2024 quarter.
Interest rate on 5-year recurring deposit hiked for December quarter; know status of other small savings schemes
29, Sep, 23India Business News: The central government on Friday raised interest rates on 5-year recurring deposit to 6.7% for the December quarter. The effective hike in the five-ye
PPF, SSY, Senior Citizen Savings Scheme, other post office schemes interest rates for April- June quarter
29, Mar, 24Post office schemes interest rates for April-June quarter: The government revises small savings schemes interest rates every quarter. Here is a look at the interest rates on various post office schemes for the first quarter of FY 2024-25 along with its compounding frequency.