Rupakumar Pradhan, CFPCM, CWM®

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Small Savings Schemes: New Interest Rate On PPF, NSC, KVP, Sukanya Samriddhi Scheme

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Small Savings Schemes: New Interest Rate On PPF, NSC, KVP, Sukanya Samriddhi Scheme

Small Savings Schemes: New Interest Rate On PPF, NSC, KVP, Sukanya Samriddhi Scheme
January 03
14:24 2018

Central Government in its latest revision of small savings scheme rates has cut interest rate by 20 basis points for the January-March 2018 period.

However, the interest rate in the five-year Senior Citizens Savings Scheme has been retained at 8.3 per cent. Interest on post office savings deposits has also been retained at 4 per cent.

Since April 2016, the government has been revising interest rate on small savings scheme on a quarterly basis, as compared to the annual mode earlier. The interest rate on small savings schemes are benchmarked to yields on government bonds, with a small mark-up.

What are the latest interest rate for January – March 2018?

Check the below Table:-

About Author

Rupakumar

Rupakumar

Mr. Pradhan has over 20 years of experience in financial services industry. He was previously working with leading Life Insurance Companies, Broking Firms, Distribution Company, Financial Planning Company and Health Insurance Company. He has cleared several NCFM modules & is also AMFI Certified. His expertise is in Comprehensive Financial Planning, Technical Analysis, Portfolio Management, Investment Advisory, Wealth Management & Business Development.

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