It was feared that interest rates would be cut on these schemes in view of economic constraints, but they have been kept unchanged.
The government has announced interest rates on small savings schemes i.e. small savings schemes. It was feared that interest rates would be cut on these schemes in view of economic constraints, but they have been kept unchanged. The central government has not made any changes in the interest rates of small savings schemes of the post office and provident fund i.e. PPF for the fourth quarter of this financial year i.e. January 1 to March 31, 2021. With this, there has been no change in the interest rate of Sukanya Samriddhi Yojana i.e. SSY and National Savings Certificate i.e. NSC.
These are the interest rates on PPF, SSY and NSC
This is the third consecutive quarter when there is no change in the interest rates on these small savings schemes. The government announces interest on small savings schemes every quarter. Investors will get interest at the rate of 7.1 percent on PPF. At the same time, senior citizens will get 7.4 percent interest on the Senior Citizen Savings Scheme. 7.6% interest will be given on the investment made under Sukanya Samriddhi Yojana.
The rates of post office schemes also do not change
Under the post office term deposit scheme, five and a half percent interest is being given on one to three years deposit and 6.7 percent interest on term deposits maturing in 3 to 5 years. Interest is being paid at the rate of 5.8 percent and National Savings Certificate 6.8 percent on a five-year recording deposit. , Kisan Vikas Patra will now be doubled in 10 years and 4 months and it will get interest at the rate of 6.9%.
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
