06 July 2018

Finance Ministry Keeps SSS' Interest Rates Unchanged For July-September Quarter

Finance Ministry Keeps SSS' Interest Rates Unchanged For July-September Quarter


The Finance Ministry has kept the interest rates on small savings schemes, including NSC and PPF, unchanged for the July-September quarter. The move is aimed at matching the hardening interest rates in the banking sector. Interest rates for small savings schemes are notified on a quarterly basis.

The Interest rates on different Small Savings schemes are as follows:

Sl.
No.
Schemes Interest rate (in %)
1. 5 yr Senior Citizen Savings Scheme (Paid Quarterly) 8.3
2. Savings Deposits 4
3. Public Provident Fund (PPF) 7.6
4. National Savings Certificate (NSC) 7.6
5. Kisan Vikas Patra (maturity in 11 months) 7.3
6. Sukanya Samriddhi Account (SSA) 8.1
7. Term Deposit (1-5 years) 6.6-7.4

Source- The Firstpost

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