Interest rates on small savings schemes unchanged for first quarter of FY23
New Delhi Mar 31 PTI The government on Thursday kept interest rates on small savings schemes including NSC and PPF unchanged for the first quarter of 2022-23 due to an elevated level of inflationThe interest rate has not been revised since the first quarter of 2020-21Public Provident Fund PPF and National Savings Certificate NSC will continue to carry an annual interest rate of 71 per cent and 68 per cent respectively in the first quarterThe rate of interest on various small savings schemes for the first quarter of the financial year 2022-23 starting from April 1 2022 and ending on June 30 2022 shall remain unchanged from the current rates applicable for the fourth quarter January 1 2022 to March 31 2022 for FY 2021-22 the finance ministry said in a notificationInterest rates for small savings schemes are notified on a quarterly basisThe one-year term deposit scheme will continue to earn an interest rate of 55 per cent in the first quarter of the next fiscal while the girl child savings scheme Sukanya Samriddhi Yojana account will earn 76 per centThe interest rate on the five-year senior citizens savings scheme will be retained at 74 per cent The interest on the senior citizens scheme is paid quarterlyThe interest rate on savings deposits will continue to be 4 per cent per annumTerm deposits of one to five years will fetch an interest rate in the range of 55-67 per cent to be paid quarterly while the interest rate on five-year recurring deposits will earn a higher interest of 58 per cent PTI DP DP BAL BAL BAL
New Delhi Mar 31 PTI The government on Thursday kept interest rates on small savings schemes including NSC and PPF unchanged for the first quarter of 2022-23 due to an elevated level of inflationThe interest rate has not been revised since the first quarter of 2020-21Public Provident Fund PPF and National Savings Certificate NSC will continue to carry an annual interest rate of 71 per cent and 68 per cent respectively in the first quarterThe rate of interest on various small savings schemes for the first quarter of the financial year 2022-23 starting from April 1 2022 and ending on June 30 2022 shall remain unchanged from the current rates applicable for the fourth quarter January 1 2022 to March 31 2022 for FY 2021-22 the finance ministry said in a notificationInterest rates for small savings schemes are notified on a quarterly basisThe one-year term deposit scheme will continue to earn an interest rate of 55 per cent in the first quarter of the next fiscal while the girl child savings scheme Sukanya Samriddhi Yojana account will earn 76 per centThe interest rate on the five-year senior citizens savings scheme will be retained at 74 per cent The interest on the senior citizens scheme is paid quarterlyThe interest rate on savings deposits will continue to be 4 per cent per annumTerm deposits of one to five years will fetch an interest rate in the range of 55-67 per cent to be paid quarterly while the interest rate on five-year recurring deposits will earn a higher interest of 58 per cent PTI DP DP BAL BAL BAL
