Small Savings Scheme Rate: Important news has come for the customers of small savings schemes. For the second quarter (July to September) of this year, the Modi government has announced to continue with the interest rates for these schemes. According to the order of the Ministry of Finance, it has been decided not to make any change in the interest rates.
This announcement is no less than a relief for these customers because on March 31 this year, when the interest rates were announced for the first quarter (April to June) of the current financial year (2021 – 22), it was announced a reduction in them. was given. However, realizing the danger of creating a ruckus and its adverse political impact in the Bengal elections, the very next day, that is, on 1 April, Finance Minister Nirmala Sitharaman herself announced the withdrawal of that order. Sitharaman had called that order a mistake of the officials of the ministry.
What will be the interest rate between July and September for different schemes of these savings schemes-
Savings Account – 4%
One to three year fixed deposit – 5.5%
Five Year Fixed Deposit – 6.7%
5 Year Recurring Deposit – 5.8%
Senior Citizen Savings Scheme – 7.4%
National Savings Certificate – 6.8%
PPF – 7.1%
Kisan Vikas Patra – 6.9%
Sukanya Samriddhi Account – 7.6%