Investment tips: If you are also investing in any scheme like PPF, SSY, KVP, then big news has come for you, the government is going to make big changes in these schemes from next week, let us know in detail.
Everyone saves some of his earnings and invests this savings in such schemes in which he gets huge profits and his money also remains safe. In this case, Post Office Schemes are very popular. These include Sukanya Samriddhi Yojana (SSY), PPF and Senior Citizens Saving Scheme.
If you have invested in any of these, then this news is special for you, because at the end of September or say next week, the government can make major changes in them. Let us know what changes are going to happen and how your investments will be affected?
It is noteworthy that the government revises the interest rates of all types of small savings schemes on a quarterly basis. On June 30, the government had revised the interest rates of many of these schemes and now the next change can be made at the end of this month i.e. on September 29 or 30.
In the last changes, interest rates on time deposits (Post Office Time Deposite) were changed from 6.8 percent to 6.9 percent for one year, on time deposits for two years it was 7.0 percent against 6.9 percent, while on 5 years For this, interest on Recurring Deposit was increased from 6.2 percent to 6.5 percent.
PPF account holders have great hopes
In view of this change in interest rates on quarterly basis, investors investing in PPF have great hopes. Actually, in the previous amendment, the interest rates of many small savings schemes were changed, but if we talk about PPF, there has been no change in its interest rates for the last 42 months. Currently, interest is given on PPF Deposit at the rate of 7.1 percent and this time there may be an increase in it. The last change in this was made in April 2020.
Announcement regarding 115 days scheme:
One of the most popular post office saving schemes is Kisan Vikas Patra, which remains the most favorite among investors for its guaranteed returns. Currently, those investing in Kisan Vikas Patra get 7.5 percent interest rate on annual basis. In this, the minimum investment can be made from Rs 1000 and there is no limit on the maximum investment.
Will interest increase again in SSY scheme?
The government had not made any change in the interest rates of Sukanya Samriddhi Yojana for the quarter from July to September 2023, but this time it is expected that the interest rates of this scheme will increase. At present, interest is given at the rate of 8 percent per annum. This scheme was started especially for the future of daughters. In this, an account can be opened for a girl up to 10 years and investments can be made for 15 years. The facility to withdraw 50 percent of the maturity amount when the account holder daughter turns 18 is also available in this scheme.
Interest may increase in these savings schemes.
In order to revise the interest rates of savings schemes, other small saving schemes that the government may gift to the investors this time include National Savings Certificate, at present this scheme is Investors are being offered interest at the rate of 7.7 percent. Apart from this, there may be an increase in the interest rate of 8.2 percent on the Senior Citizens Savings Scheme being run for senior citizens.
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