Friday, 30 September 2016

CENTRE CUTS SMALL SAVINGS INTEREST RATES


  1. The centre announced a cut of 0.1 percentage points in the interest rates on small savings schemes including public provident fund,Kisan vikas patra,senior citizens scheme,sukanaya samriddhi yojana and National savings certificates for the period October 1-December 31,2016.
  2. However,the rate on savings account has kept unchanged at 4%.
  3. The centre has reduced the interest rates of small savings accounts in March 2016.
Here are the new interest rates:-


           SAVINGS ACCOUNT
        INTEREST RATES
Public Provident Fund                                              
          8.1% to 8.0%
Kisan Vikas Patra
          7.8% to 7.7%
Sukanya Samriddhi
Yojana
         8.6% to 8.5%
Senior Citizens Scheme
          8.6 to 8.5%
National Savings Certificate            
          8.1% to 8.0%
at