Business & Investment

Treasury maintains interest rates on small savings schemes in Q4

Small savings schemes, including PPF and NSC, will continue to offer annual yields of 7.1% and 6.8% from January to March 2021 respectively.

The Government of India announced on Thursday that it will continue the current interest rates on the Public Provident Fund (PPF) and National Savings Certificate (NSC) and will not change them in the fourth quarter of the year.

Small savings schemes, including PPF and NSC, will continue to offer annual yields of 7.1% and 6.8% from January to March 2021 respectively.

According to the Ministry of Finance, “Interest rates for various small savings schemes from the fourth quarter of 2020 to March 31st are different from the interest rates notified in the third quarter (October 1st to December 31st, 2020). No, “he said. The Treasury publishes quarterly interest rates on small savings schemes.

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The 5-year Elderly Savings Program offers the same 7.4% interest rate. Interest rates on savings deposits remain at 4%, while interest rates on Kisan Vikas Patra (KVP) will remain at 7.6% until the completion of the first quarter of 2021. SukanyaSamriddhiYojana will continue to offer girls the current 7.6% interest rate in the fourth quarter of 2009.

The interest rate on 5-year time deposits remains at 5.8%, while the 1-5 year time deposits have an annual interest rate in the range of 5.5-6.7% and are paid quarterly.

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Treasury maintains interest rates on small savings schemes in Q4

https://www.businesstoday.in/current/economy-politics/finance-ministry-retains-interest-rates-on-small-savings-schemes-for-q4/story/426648.html Treasury maintains interest rates on small savings schemes in Q4

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