INSUBCONTINENT EXCLUSIVE:
The rate of return for Kisan Vikas Patra and other small savings schemes are reviewed every quarterFrom April 1, investment in the Kisan
Vikas Patra small savings scheme fetches a lower return of 6.9 per cent, compared to 7.9 per cent in the quarter ended March 31
Also, the Kisan Vikas Patra's maturity period stands reduced to 124 months from April 1, compared to the existing period of 113 months
This means that now, any investment in the certificate scheme - available at designated post office branches - doubles in size in a period
January-MarchInterest Rate In 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%QuarterlySenior Citizen Savings Scheme (SCSS)8.6%7.4%Quarterly and paidMonthly Income Account7.6%6.6%Monthly and paidNational
Savings Certificate7.9%6.8%AnnuallyPublic Provident Fund7.9%7.1%AnnuallySukanya Samriddhi Account8.4%7.6%Annually(Source:
the Senior Citizen Savings Scheme (SCSS) and the Sukanya Samriddhi scheme, and revises the interest rates applicable to them on a quarterly
