Small Savings Schemes:- The government has increased interest rates on two small savings schemes for January-March 2024 by 10-20 basis points, making it the sixth consecutive quarterly hike since October-December 2022.[IANS] 
Business

Govt hikes interest on two small savings schemes

The government has increased interest rates on two small savings schemes for January-March 2024 by 10-20 basis points, making it the sixth consecutive quarterly hike since October-December 2022.

Author : NewsGram Desk

Small Savings Schemes:- The government has increased interest rates on two small savings schemes for January-March 2024 by 10-20 basis points, making it the sixth consecutive quarterly hike since October-December 2022.

The Finance Ministry notified on Friday that the rate of interest on the three-year time deposit has been increased by 10 basis points to 7.1 per cent from 7 per cent while the rate of interest on the Sukanya Samriddhi Account Scheme has been hiked by 20 basis points to 8.2 percent for January-March 2024.

All other small savings schemes will continue to offer the same rate of interest as the previous quarter. IANS/SP

Subscribe to our channels on YouTube and WhatsApp

Download our app on Play Store

Also Read

“Put More Women, Queer Judges in Court”: Menaka Guruswamy Questions Lack of Diversity in India's Judiciary In Maiden Rajya Sabha Speech

How Emerging Biotech Companies Should Choose a CRO Partner

The Anatomy of Erasure: Indigenous Assyrian Women and Forgotten Genocide

PNG’s Closure of Taiwan Trade Office Signals Expanded Economic Ties with China

How Indonesia and Singapore handle information pressure