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Thursday, March 29, 2018

April to June 2018 - Post Office Small Saving Schemes Interest rates

April to June 2018 - Post Office Small Saving Schemes Interest rates 

 The central government announced the interest rate for PPF, Sukanya Samriddhi, NSC, KVP Interest Rates April to une 2018. 
Let us see the changes applicable with effective from 1st April 2018.

Earlier the interest rates used to be announced on yearly once. However, now from 2016-17, the rate of interest will be fixed on a quarterly basis. 

Post Office Savings Schemes -Changes effective from 1st, April 2016
  • Interest rate for the five-year Senior Citizens Savings Scheme has been retained at 8.3%
  • The interest rate on the senior citizens' scheme is paid quarterly.

  • Interest on savings deposits has been retained at 4%.

  • Public Provident Fund (PPF) and National Savings Certificate (NSC) will fetch annual interest rate of 7.6%

  • Kisan Vikas Patra (KVP) will yield 7.3 percent and mature in 118 months.

  • The girl child savings scheme Sukanya Samriddhi Account (SSA) will offer 8.1%.

  • Term /time deposits of 1 to5 years will fetch interest rate of 6.6% to 7.4%, to be paid quarterly.

  • The five-year recurring deposit (RD) is pegged at 6.9%.

As per the schedule, Government announced the interest rate applicable to all Post Office Savings Schemes from 1st April 2018 to 30th June 2018.

April to June 2018 - Post Office Small Saving Schemes Interest rates Reviewed by S. Chitra on March 29, 2018 Rating: 5 April to June 2018 - Post Office Small Saving Schemes Interest rates   The central government announced the interest rate for PPF, Sukanya...

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