PPF, SSY, Senior Citizen Savings Scheme, other post workplace plans rates of interest for April

The federal government modifies little cost savings plans rate of interest every quarter. For the quarter April-June 2024, the federal government has actually kept the rate of interest of post workplace plans the same from the rates dominating throughout the January March 2023 quarter. “The interest rates on numerous Small Savings Schemes for the very first quarter of FY 2024-25 beginning with 1’t April, 2024 and ending on 30th June, 2024 will stay the same from those alerted for the 4th quarter (1st January, 2024 to 31st March, 2024) of FY 2023-24,” specified a workplace memorandum provided by the Ministry of Finance on March 8, 2024.” The General Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY), Mahila Samman Savings Certificate, Senior Citizen Savings Scheme (SCSS) and National Savings Certificate (NSC) are a few of the popular little cost savings plans. Check out: Post workplace term deposit (POTD) vs banks tax-saving repaired deposits (FDs): Which uses greater interest rate? Little cost savings plans rate of interest Here is a take a look at the rates of interest on different little cost savings plans for the very first quarter of FY 2024-25 together with its intensifying frequency. Post workplace plans rate of interest for April-June 2024 quarter Sl.No. Instruments Rate of interest w.e.f 01.01.2024 to 31.03.2024 Compounding Fr equency 1 Post Office Savings Account 4 Annually 2 1 Year Time Deposit 6.9 (Annual Interest 708 for 10,000/-) Quarterly 3 2 Year Time Deposit 7.0 (Annual Interest 719 for 10,000/-) Quarterly 4 3 Year Time Deposit 7.1 (Annual Interest 719 for 10,000/-) Quarterly 5 5 Year Time Deposit 7.5 (Annual Interest 771 for 10,000/-) Quarterly 6 5 Year Recurring Deposit Scheme 6.7 Quarterly 7 Senior Citizen Savings Scheme 8.2 (Quarterly Interest 205 for 10,000/-) Quarterly and Paid 8 Monthly In
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