Delhi/Hyderabad, Sept 30 (Maxim News): The Central government raised the interest rate on the five-year recurring deposit scheme to 6.7 percent from 6.5 percent for the December quarter and retained the rates for all other small savings schemes.
The rates were the same during the September quarter. The interest rate on both the two-year and three-year term deposits is 7 percent while on the five-year term deposit, the rate is 7.5 percent. Senior citizens’ savings scheme will fetch an interest rate of 8.2 percent.
On the monthly income account scheme, the interest rate is 7.4 percent while it is 7.7 percent on the National Savings Certificate and 7.1 percent on the Public Provident Fund (PPF) scheme.
The interest rate on the Kisan Vikas Patra is 7.5 percent and the investments will mature in 115 months.
As per the circular, the interest rate on the popular girl child scheme Sukanya Samriddhi Account has been retained at 8 percent. The government notifies the interest rate on small savings schemes, majorly operated by post offices, every quarter.
According to a finance ministry circular, the interest rate on savings deposits has been retained at 4 percent and on the one-year term deposit at 6.9 percent. (Maxim News)
Next Story :
Ramchander Rao Falls Ill During Fee Reimbursement Protest
Hyderabad, August 25: Telangana BJP president N Ramchander Rao fell ill during a hunger strike demanding the release of pending student fee reimbursement funds. Here To Join Us On WhatsApp The BJP organised the protest at its state office in Nampally. The party called the campaign “Fee Dues, BJP Fight” and demanded immediate clearance of…
Gachibowli Police Trace Two Missing Children Within Hours
Hyderabad, August 25: Gachibowli police traced two missing children within hours and reunited them with their parents. The children, Pramila Murmu, 4, and Sangeetha, 3 and a half, went missing from a labour camp at Raghava Projects in Gachibowli. According to the complaint, their co worker Chaku Soren took the children to a nearby shop.…
Jubilee Hills Inspector Suspended Over Konda Surekha OSD Case
Hyderabad, August 25:Jubilee Hills Inspector Muttu Yadav has reportedly been suspended over alleged lapses in a case involving former minister Konda Surekha’s former OSD, Sumanth. Here To Join Us On WhatsApp Senior police officials took action against the inspector for allegedly delaying the registration of an FIR in the case. He also reportedly failed to…
Hyderabad Fake Doctors: 11 Arrested by Police
Hyderabad, August 25: Hyderabad police have arrested 11 fake doctors who allegedly treated patients without recognised medical qualifications. Here To Join Us On WhatsApp The arrests followed raids at several locations across the city. Police acted on credible information about people practising medicine without valid credentials. The suspects allegedly operated clinics despite lacking recognised medical…
Now you can get the latest stories from Indtoday on Telegram every day. Click the link to subscribe. Click to follow Indtoday’s Facebook page, Twitter and Instagram. For all the latest Hyderabad News updates
