INSUBCONTINENT EXCLUSIVE:
Senior Citizen Savings Scheme Interest Rate: The return has been reduced to of 7.4% from 8.6%From the beginning of this month, investment in
compared to 8.6 per cent in the quarter ended March 31
The SCSS scheme, which pays interest at the end of each of the four quarters, allows investment to the tune of Rs 1,000 to Rs 15 lakh for a
For the first quarter of financial year 2020-21, the government has lowered interest rates on most small savings schemes such as the SCSS by
April-JuneCompounding FrequencySavings Deposit4%4%AnnuallyOne-Year Time Deposit6.9%5.5%QuarterlyTwo-Year Time
Deposit6.9%5.5%QuarterlyThree-Year Time Deposit6.9%5.5%QuarterlyFive-Year Time Deposit7.7%6.7%QuarterlyFive-Year Recurring
Deposit7.2%5.8%QuarterlyMonthly Income Account7.6%6.6%Monthly and paidNational Savings Certificate7.9%6.8%AnnuallyPublic Provident
Fund7.9%7.1%AnnuallyKisan Vikas Patra7.9% (matures in 113 months)6.9% (matures in 124 months)AnnuallySukanya Samriddhi
