Post Office Deposits
Centre raises interest rates on Post Office deposits, provident fund rates unchanged
New Delhi/IBNS: Centre raised the interest rates on a bouquet of small-term deposits on Friday.
The interest rates on post office term deposits, NSC (National Savings Certificate) and senior citizen savings scheme has been raised by up to 1.1 percentage points with effect from January 1.
However, the interest rates on Public Provident Fund (PPF) and the girl child savings scheme Sukanya Samriddhi remain unchanged.
From January 1, the National Savings Certificate (NSC) will yield a 7 percent interest rate compared to the existing 6.8 percent.
The senior citizen savings scheme will have 8 percent interest against 7.6 percent currently.
Post office term deposit schemes will yield interest rate 1.1 percentage points higher while the monthly income scheme will yield 7.1 percent interest, up from 6.7 percent.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
