• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

Govt Hikes Interest Rate Of Small Saving Schemes, Maximum In Sukanya Samridhi Yojana

OMMCOM NEWS by OMMCOM NEWS
March 31, 2023
in Business
Sukanya Yojana

New Delhi: The Government has effected significant hike in interest rates of small savings schemes, like senior citizen saving schemes, national saving certificate (NSC), Sukanya Samriddhi Yojana and monthly income scheme (MIS). The new rates will be effective from April 1, 2023 till June 30, 2023, i.e the first quarter of 2023-24.

However, savings deposit interest rates and PPF interest rates have been kept unchanged at 4 per cent and 7.1 per cent respectively.

The interest rate of Sukanya Samriddhi Yojana has been significantly hiked to 8 per cent from the existing 7.6 per cent, while interest rate of NSC has been hiked from the existing 7 per cent to 7.7 per cent.

For senior citizens saving scheme, the interest rate has been hiked from 8 per cent to 8.2 per cent, while for Kisan Vikas Patra (KVP) it has been increased from 7.2 per cent to 7.5 per cent. However, the existing KVP interest rate is for a maturity period of 120 months, while the new rate is for KVP maturing in 115 months, a notification issued by the finance ministry said.

For MIS, the rate has been hiked from the existing 7.1 per cent 7.4 per cent and for five-year recurring deposit, the interest rate has been raised from the existing 5.8 per cent to 6.2 per cent.

For one-year time deposit, the interest rate has been hiked from 6.6 per cent to 6.8 per cent, while for two-year time deposit, it has been raised from 6.8 per cent to 6.9 per cent.

Similarly, for three-year time deposit scheme, the interest rate has been increased from 6.9 per cent to 7 per cent and for five-year time deposit scheme, the interest rate has been hiked from 7 per cent to 7.5 per cent.

The Government revises interest rates of small saving schemes after every quarter.

(IANS)

ShareTweetSendSharePinShareSend
Previous Post

Intense Rainfall Accompanied By Lightning, Forecasts IMD

Next Post

‘Tomdaya’ In Mumbai: Tom Holland, Zendaya Arrive For NMACC Opening

Related Posts

Business

Days After Khemka, Yadav Murders, Another Patna Trader Gunned Down; Business Community Tense

July 12, 2025
Reserve Bank of India
Business

RBI Imposes Monetary Penalty On HDFC Bank, Shriram Finance

July 11, 2025
RBI
Business

India’s Gold Reserves Rise By $342 Million, Forex Stands At $699.736 Billion: RBI

July 11, 2025
FM Sitharaman
Business

FM Sitharaman Kickstarts More Than Rs 1,000 Crore Projects In Meghalaya

July 11, 2025
Silver
Business

Silver Prices Touch All-Time High As Gold Rises Too

July 11, 2025
Domestic Air Traffic
Business

India’s Domestic Air Traffic Likely To Surge 10 Pc In FY26: Report

July 11, 2025
Next Post
Tom Holland

'Tomdaya' In Mumbai: Tom Holland, Zendaya Arrive For NMACC Opening

Pistol shooters

Shooting: Shahu, Shiva Make The Cut For The Upcoming Baku World Cup

Modi To Give Mantra On Social Harmony To Party Workers On BJP Foundation Day

khimji
TPCODL
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.