INSUBCONTINENT EXCLUSIVE:
Post office interest rates: Interest rates applicable to small savings schemes are reviewed every quarterInterest rates applicable to select
small savings schemes have been revised with effect from July 1
Schemes such as the 15-year Public Provident Fund (PPF), the National Savings Certificate (NSC) and the Kisan Vikas Patra (KVP will yield a
10 basis points lower interest rate for the quarter ending September 30, according to an official statement
All small savings schemes except the savings deposit, the interest rate on which has been retained at 4 per cent, will fetch lower interest
rates in the September quarter.Small savings schemeInterest rateApril-June quarterJuly-September quarterSavings account4%4%Five-year
recurring deposit (RD) account7.30%7.20%One-year time deposit (fixed deposit) account7%6.90%Two-year time deposit (fixed deposit)
account7%6.90%Three-year time deposit (fixed deposit) account7%6.90%Five-year time deposit (fixed deposit) account7.80%7.70%Monthly Income
Scheme7.70%7.60%Senior Citizen Savings Scheme (SCSS)8.70%8.60%15-year Public Provident Fund (PPF)8%7.90%National savings certificate
(NSC)8%7.90%Kisan Vikas Patra (KVP)7.70%7.60%Sukanya Samriddhi8.50%8.40%(Source: indiapost.gov.in)Currently, the interest rates applicable
15-year Public Provident Fund (PPF), the National Savings Certificate (NSC), Kisan Vikas Patra (KVP) and the Sukanya Samriddhi scheme - are
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