Small Saving Schemes Interest Rates: The government has decided to keep the interest on small saving schemes unchanged. Interest rates for the April-June quarter will remain the same.
Small Saving Schemes Interest Rates: The government has decided not to make any changes in the interest rates on small saving schemes. The government said that interest rates on all savings schemes have been kept unchanged for the April-June quarter. The Finance Ministry decides on the interest rates for these schemes every quarter.
6.7% interest on recurring deposits
At present, if we talk about time deposit saving scheme, the interest rate for 1 year is 6.9%, for 2 years is 7.0%, for 3 years is 7.1% and for 5 years is 7.5%. The interest rate on five-year recurring deposit is 6.7%. The interest rate for Monthly Income Account i.e. MIS is 7.4%.
Know which scheme gives the highest interest
The interest rate on Senior Citizen Saving Schemes i.e. SCSS is 8.2%. Public Provident Fund i.e. PPF is getting interest of 7.1%. Sukanya Samriddhi Yojana i.e. Sukanya Samriddhi Accounts is getting 8.2% interest. Interest of 7.7% is available on five-year National Savings Certificate. Kisan Vikas Patra schemes offer 7.5% interest.
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