IPL: Royal Challengers Bengaluru to take on Sunrisers Hyderabad
Hiked-up interest rates on various small savings schemes for Q4 of current Financial Year come into effect
Jan 01, 2023The hiked-up interest rates on various small savings schemes for the fourth quarter of the current Financial Year come into effect today. The interest rate of five year National Saving Certificate has been increased to 7 per cent from 6.8 per cent. Finance Ministry said, the interest rate on the senior citizen saving scheme increased to 8 per cent from 7.6 per cent. The Monthly Income Account Saving has also been increased to 7.1 per cent from 6.7 per cent. The interest rate on Kisan Vikas Patra will now be 7.2 percent and will mature in 120 months. The interest rate of a small savings deposit of one year time period has been increased to 6.6 per cent from 5.5 per cent. However, the interest rate on the Public Provident Fund scheme, Sukanya Samriddhi Account Scheme and Saving Deposit have been kept unchanged.
Meanwhile, the Reserve Bank of India has mandated banks in the country to renew their locker agreements with existing locker customers by today. All the existing locker depositors are required to furnish proof of eligibility for a renewed locker arrangement. They are required to sign a renewal agreement before the specified date.
Most Recent
