SSY Interest Rates: If you invest in small savings schemes then you are going to get benefits soon. Let us know about it in detail.
Small Savings Scheme Interest Rates: Do you also invest in small savings schemes run by the government like Sukanya Samriddhi Yojana, PPF, Kisan Vikas Patra or National Savings Certificate etc. then this can be useful news for you. Yes, the government may soon give a gift to investors who make small savings. If reports are to be believed, Narendra Modi government may increase the interest rates for investment in these schemes.
Announcement may be made by the end of this month
The central government may increase the interest rates of small savings schemes on 29th and 30th September. The interest rate offered on Small Savings Scheme is reviewed every three months by the Finance Ministry. In such a situation, this review by the government can be done after June till the last day of September. Earlier, in the review meeting on June 30, the government had increased the interest rates of some Small Savings Scheme (SSY).
No change in interest rates from 2020
For your information, let us tell you that there has been no change in the interest rates of PPF included in small savings schemes since April 2020. In such a situation, it is expected that the government may increase the interest rates of PF during the upcoming review meeting. The interest rates of other small savings schemes have increased earlier also, but there has been no change in the interest rate of PPF since April 2020.
Crores of investors invested in PPF
Crores of investors in India invest in PPF. Understanding the importance of PPF, its rates are kept stable by the government. However, there has been no change in it for the last several years. At present the interest rate on PPF is 7.1 percent.
