Interest Rate on Small Savings Scheme: The government has increased the interest rates of some small savings schemes for the third quarter of the financial year 2022-23.
Interest Rate on Small Savings Scheme: Giving good news on Thursday, the government has increased the interest rates of Small Savings Schemes. Now people will get up to 0.30 percent more interest on these schemes. With these new changes, people will get interest up to 5.8 percent on three-year fixed deposits as against the current 5.5 percent. In the third quarter of the current financial year, the government has increased these schemes by up to 0.30 percent. Along with this, people will also get more interest in Kisan Vikas Patra and Senior Citizen Savings Scheme than before.
Interest rates of these schemes also increased
According to a notification of the Finance Ministry, people in the Senior Citizen Savings Scheme will get 7.6 per cent interest during the October-December period with an increase of 20 basis points instead of 7.4 per cent. On the other hand, in Kisan Vikas Patra, people will now get 7 percent interest instead of 6.9 percent.
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