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BIG NEWS
- RJD to contest Kerala assembly polls as part of LDF: Tejashwi Yadav
- Air India discovers large-scale discrepancies in employee leisure travel; initiates corrective measures
- Bypolls to 8 assembly seats on April 9 and 23; counting on May 4
- Assam, Kerala, Puducherry to vote on April 9, Tamil Nadu on April 23; Bengal polls in 2 phases
- Hours ahead of announcement of polls, Mamata hikes honorarium for purohits, muezzins by Rs 500
- Environment ministry endorses names of 10-member expert committee set up to define Aravalli hills
- CM Adityanath tells recruitment boards to avoid making undignified remarks on any community
- Centre urges LPG users to switch to piped gas as cooking fuel supply tightens
- Tirumala laddu row: SC refuses to entertain plea for action against those spreading 'misinformation'
- ADR calls for law to regulate parties, stricter disclosure norms to curb money power in polls
Govt hikes interest rates on NSC, post office deposits; no change in PPF rate
Public Lokpal
December 30, 2022
Govt hikes interest rates on NSC, post office deposits; no change in PPF rate
New Delhi : The government on Friday hiked the interest rates on small deposits — including post office term deposits, NSC and senior citizen savings scheme — by up to 1.1 percentage points from January 1, in line with firming interest rates in the economy.
However, the interest rates on Public Provident Fund (PPF) and the girl child savings scheme Sukanya Samriddhi has not been changed.
National Savings Certificate (NSC) will yield a 7 per cent interest rate from January 1, compared to 6.8 per cent at present. Similarly, the senior citizen savings scheme will give 8 per cent interest against 7.6 per cent currently.
Interest rates on Post office term deposit schemes of duration 1 to 5 years will rise by up to 1.1 percentage points.
The monthly income scheme too will yield 7.1 per cent interest, up from 6.7 per cent.
PTI
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