Now more interest will be available on Small Savings Scheme | Jagran Business- Watch Video

The investors in Small Savings Schemes received an enormous present from the Central Government on Friday. For the April–June 2023 quarter, the government has raised the interest rates on small savings plans by 70 basis points (BPS). The interest rates of programmes like the Senior Citizen Scheme, Monthly Income Scheme, National Savings Certificate, Kisan Vikas Patra, and Sukanya Samriddhi Yojana have increased, according to a statement from the Finance Ministry. 

This is the third time in the last 9 months that the central government has increased the interest rates on small savings schemes. At present, the interest rates of small savings schemes are between 4.0 per cent and 8.2 per cent.

However, the rates of Public Provident Fund (PPF) and Post Office Savings Account have not changed. These remain at 7.1 and 4 per cent respectively.

Sukanya Samriddhi

The government has also increased the interest rates of Sukanya Samriddhi Yojana. The interest rate of this scheme has been made eight percent for the April to June quarter. Earlier it was at 7.60 percent. In this context, interest rates have increased by 40 basis points.