PPF SCSS SSY Interest Rates Know New Rates The current government has made a lot of reduction in the interest rates for the March-2021 June-2021 quarter on PPF, Sukanya Samriddhi Yojana (SSY) and all other Small Saving Schemes. The current government (ppf interest rate) has reduced the interest rate on PPF from 7.1% to 6.4% for the first quarter of the coming financial year. Friends, next we know what is the change in PPF SCSS SSY interest rates.
NSC and SCSS interest rates
Along with this, the interest rate on the NSC National Savings Certificate, which was 6.8 percent, has now been reduced to 5.9%, and the same scss senior citizen savings scheme interest rate from the government’s interest rate was 7.4%, that too has now been reduced to interest. rate has been reduced to 6.5%.
SSY and KVP interest rate
The government has reduced the interest rate which was 7.6% on the ssy prosperity scheme for the quarter i.e. March 2021, June 2021, and has now reduced the interest rate to 6.9%.
The same KVP Kisan Vikas Patra, which had a period of 124 months earlier, has now matured for 138 months. Earlier the interest rate was 6.9% on this scheme, which has been reduced to 6.2% now.
POMIS Interest Rate & Post Office Fixed Deposit Interest Rate & Post Office Savings Account Interest Rate
And the government has reduced the interest rate of all government schemes, they include 1) Post Office Monthly Income Scheme POMIS, 2) Post Office Term Deposit, 3) Post Office Savings Account. The interest rate on such post office term deposits for the period which was for 1 year to 5 years was 5.5-6.7%, now it has been reduced to 4.4-5.8% interest rate and with this the interest rate on post office savings account By reducing it to 4%, its interest rate has now been reduced to 3.5%.
Small Savings Scheme Interest Rate
The interest rate on the small savings scheme is fixed for every quarter. This interest rate is decided by the government itself.
After making a big cut in the interest rate in the year April 2020, the interest rate on the Small Savings Scheme was changed for the entire financial year 2020-2021.
