PPF as well as National Savings Certificate (NSC) volition yield 7.9% annual involvement from the before 8%. KVP volition fetch 7.6% amongst maturity of 113 months every bit compared amongst 7.7% amongst maturity of 112 months.
The daughter shaver savings system Sukanya Samriddhi Account volition fetch a lower provide of 8.4% every bit compared amongst 8.5%. Similarly, term deposits of 1-3 years volition fetch involvement charge per unit of measurement of 6.9%, to endure paid quarterly, land the five-year quarterly pegged at 7.7% as well as for recurring 7.2% from existing charge per unit of measurement of 7.3%.
Important Points to Note :
- Govt has reduced involvement charge per unit of measurement on PPF to 7.9% from 8% now.
- Interest on 5year NSC has likewise been cutting to 7.9%.
- Interest charge per unit of measurement on Sukanya Samridhi Yojana has been brought downward to 8.4% from 8.5%.
- Interest charge per unit of measurement on Kisan Vikas Patra has come upward downward to 7.6% from 7.7%. It volition forthwith mature inward 113 months instead of 112 months.
- The involvement rates on 5 twelvemonth fourth dimension deposits, 5-year recurring deposits as well as the 5-year Senior Citizens Savings Scheme convey been lowered past times 10 Blue Planet points.
- Senior citizens system volition forthwith attract an involvement charge per unit of measurement of 8.6%.
- 5-year fourth dimension deposit as well as 5 twelvemonth recurring deposit volition attract involvement rates of 7.7% as well as 7.2% respectively.
- Postal savings charge per unit of measurement remains unchanged at 4%.