![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]](http://media.assettype.com/newsgram%2F2023-12%2F994ba784-845d-446c-bf0f-904e72ec543d%2F202311063080481.png?w=480&auto=format%2Ccompress&fit=max)
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