Govt retains small savings rates for September quarter

Govt retains small savings rates for September quarter

Interest rates are typically pegged to the yields on comparable government securities, which have hardened in recent months. However, despite the rise in G-sec yields, the government chose to retain the small savings rates.

Interest rates unchanged on small savings

The interest rate on small savings schemes has not been revised since the first quarter of 2020-21. PPF and NSC will continue to draw an annual interest rate of 7.1% and 6.8%, respectively, in the second quarter of this fiscal.

No hike in small savings rates

Belies hopes of a hike amid surge in inflation and government bond yields

Govt keeps interest rates on small savings schemes unchanged for Q2FY23

The interest rate on small savings schemes has not been revised since the first quarter of 2020-21

Govt keeps small savings rates unchanged for July-September

Rates on small savings instruments are linked with government bond yields, which have risen in recent months amid monetary tightening by the Reserve Bank of India.

PPF, NSC, Other Small Savings Schemes Interest Rates Kept Unchanged For July-September

Interest rates on small savings schemes: The central government on Thursday decided to keep interest rates unchanged on small savings schemes, including Sukanya Samriddhi Yojana, Senior Citizens Savings Scheme or Public Provident Fund, for the July-September 2022 quarter.