Post Office Scheme: Which schemes are paying how much interest from January to March 2023.. Full details | Post office small saving scheme are giving up to 8 percent interest on new year 2023

The central government has introduced various schemes to increase the income. Offering good interest rates on various types of deposits. Before the start of the new year, the Central Govt.

The central government has introduced various schemes to increase the income. Offering good interest rates on various types of deposits. It is known that before the start of the new year, the central government has increased the interest on the Small Savings Scheme. Public Provident Fund, Sukanya Samriddhi Yojana not only the interest has changed but all the other schemes have changed. Post office offers 6.5 percent to 7 percent interest on FD. But let’s know how much interest is given in which scheme.

Which schemes are paying how much interest from January to March 2023?

☛ Interest on 1 year term deposit is 6.5 percent

☛ Interest rate on 2 years term deposit is 6.8 percent

☛ Interest on three-year term deposit is 6.9 percent

☛ 7% interest on five years time deposit

☛ Interest on National Savings Certificate is 7 percent

☛ Interest on Kisan Vikas Patra Yojana is 7.2 percent

☛ Interest on Public Provident Fund Scheme is 7.1 percent

☛ Interest on Sukanya Samriddhi Yojana is 7.6 percent

☛ Interest on Senior Citizen Saving Scheme is 8 percent

☛ Interest on monthly income scheme is 7.1 percent

Banks hike FD rates:

Since the Reserve Bank hiked the repo rate in the year 2022, both private and public sector banks have increased their fixed deposit rates. Some banks offer up to 7% interest while some NFSC banks offer up to 9% interest. Punjab National Bank, SBI, HDFC, ICICI, Bank of Baroda and other banks have increased interest on their fixed deposits in the last year. Earlier, the government had also changed the interest rate of these small savings schemes in the September 2022 quarter. However, instead of increasing the interest of all small savings schemes, only some savings schemes have been increased. At the same time, interest in all but two schemes increased. Post office interest rates have become attractive with this hike.

Also read these

Click here for more business news

Check out the latest news highlights

Leave a Reply

Your email address will not be published. Required fields are marked *