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Interest rates on select small saving schemes
July 23 , 2023
361 days
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- The government raised interest rates on select saving schemes by up to 0.3% for the July-September quarter.
- The highest increase of 0.3% was for the five-year recurring deposit (RD).
- A one-year term deposit with post offices will now earn 0.1 percentage higher point at 6.9% and for the two years tenor — 7% (up from 6.9%).
- Term deposits for three years and five years have been retained at 7% and 7.%.
- The interest rates for popular PPF and savings deposits are retained at 7.1% and 4%, respectively.
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