![]() ![]() Interest rates on small saving schemes are administered interest rates and are linked to market yields on G-secs with a lag and are fixed on a quarterly interval at a spread ranging from 0-100 bps over and above G-sec yields of comparable maturities. With rising inflation, RBI had to hike the repo rate leading to the increase in yields. ![]() PPF and Sukanya Samriddhi Yojana (SSY) are the two prominent small savings schemes that witness a revision in the rate as and when the government revises them.įrom the level of around 6 per cent, the Indian 10-year G-Sec yield has risen nearly 150 basis points to touch 7.5 per cent recently. For NSC, KVP, Time deposits, Senior Citizens Savings Scheme (SCSS), the rate of interest remains fixed for investors until maturity. When it comes to calculation of interest under the NSC scheme, the interest rate. ICICI Bank FD offers 5.35 per cent and 5.75 per cent for 1-year and 5-year FD.Įven if the rates are changed, the new rates do not apply to all investors of all post office schemes. You can invest in this scheme either through a bank or a post office. SBI bank fixed deposit rate for 1-year is 5.3 per cent while 5-year deposit is offering 5.5 per cent. On the 1-year time deposit, the rate of interest stands at 5.5 per cent while on the 5-year deposit, the rate is 6.7 per cent per annum. ![]() The 5-year Monthly Income Account Scheme is offering 6.6 per cent payable monthly, while the 5-year NSC continues to offer 6.8 per cent compounded annually. Sukanya Samriddhi Account holders will continue to get 7.6 per cent compounded annually on their account balance. The interest rate on PPF will continue to be 7.1 per cent per annum while for the Senior Citizen Savings Scheme, the interest rate is 7.4 per cent per annum. Home loan interest rate cut! Two banks offering cheaper loans than SBI and HDFC this festive season ![]()
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