Small Savings Schemes Provide Up To 7.6% Return Now. Compare Rates

- Advertisement -

Small savings schemes, such as the 15-year Public Provident Fund (PPF), the Kisan Vikas Patra and the Monthly Income Scheme, currently provide annual returns to the tune of 4-7.6 per cent. These rates are applicable till December 31. The government currently provide nine small savings schemes including the Public Provident Fund, which comes with a maturity period of 15 years. The government reviews the interest rates applicable to these savings schemes on a quarterly basis.

Here’s a comparison of the interest rates and other important features of these small savings schemes, in the third quarter of current financial year:

Of these schemes, the time deposit or term deposit scheme comes in four maturity options, ranging from one to five years.

.

.

News aggregated from Source link

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest

Keel of additional Krivak class second frigate laid

Stealth ship is being built by Goa Shipyard Limited with technology transfer from Russia The keel of the second frigate, of additional Krivak class...

Kangana Ranaut claims yoga helped mother avoid heart surgery: ‘I told...

Actor Kangana Ranaut celebrated Father’s Day with an emotional Instagram post, and also shared an anecdote ahead of International Yoga Day on Monday. Sharing her...

Navy team reaches U.S. for training on MH-60R helicopters

A team of 18 Navy personnel reached the U.S. for training on the MH-60R multi-role helicopters, 24 of which were contracted in a $2.2-billion...

Cops in net as anti-drug drive intensifies in northeast

At least a dozen police personnel in Arunachal Pradesh and Assam have been arrested since March In May 2020, the police in Arunachal...
- Advertisement -

More Articles

- Advertisement -