If you are considering putting resources into sans risk saving plans, here’s your opportunity to do a few speculations. Post office plans offer safe speculation choices for individuals who would rather not face a challenge with their cash. Public Savings Certificate, Sukanya Samriddhi Yojana, Senior Citizens Savings Scheme or Public Provident Fund (PPF) plans have best profits from them.
These reserve funds plans have not seen a hike in the interest rates since quite a while. In any case, it is normal that the government might consider to expand the interest rates of PPF, NSC or SSY conspire loan fees in June, as per media reports.
The yearly interest rate for Public Provident Fund (PPF) and National Savings Certificate (NSC) will keep on being 7.1 percent and 6.8 percent, individually.
One-year term deposit plan will keep on having an interest rate of 5.5 percent. Though, Sukanya Samriddhi Yojana account will have a 7.6 percent pace of revenue.
The interest rate on investment funds deposits will be held at 4% per annum.
Public Savings Certificates (NSC), KVP, Time-deposits, Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY) and so forth, have held the very pace of interest as that of the past quarter of July-August-September quarter of 2021.
Here is the interest rates material on different National (Small) Savings Schemes.
Current Interest Rates on Post Office Schemes
- Public Provident Fund: 7.1 percent
- Public Savings Certificate: 6.8 percent
- Sukanya Samriddhi Yojana: 7.6 percent
- Kisan Vikas Patra: 6.9 percent
- Investment funds Deposit: 4%
- 1-Year Time Deposit: 5.5 percent
- 2-Year Time Deposit: 5.5 percent
- 3-Year Time Deposit: 5.5 percent
- 5 Year Time Deposit: 6.7 percent
- 5 Year Recurring Deposit: 5.8 percent
- 5-year Senior Citizen Savings Scheme: 7.4 percent
- 5-year Monthly Income Account: 6.6 percent
