Increase In Small Saving Schemes Interest Rates

Increase In Small Saving Schemes Interest Rates

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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