In line with the deposit rates the Government has raised the interest rates on various Small Savings schemes for the three months through December by upto 40 basis points
Salient Features:
- Interest rate on PPF (Public Provident Fund), Kissan Vikas Patra and Sukhanya Samriddhi account schemes have been raised by 40 basis points each for the December Quarter.
- Interest rate on 1 year, 2 years and 3 years’ Time Deposits have also been increased by 30 bps to 6.9%, 7% and 7.2% respectively.
- In short, the interest rate for the quarter ending December 2018 the small savings interests have been increased by 0.3% to 0.4%.
Following is the chart giving the details of interest rates:
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