Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2012        Go!    
 
 
January 21, Sunday 2018 6:28 PM       

       HEADLINES: Mother, daughter killed in accident                                              Advocate Jayashankar mocks at transfer of IG P Vijayan                                              Ruckus during budget presentation: Case likely to be withdrawn                                              Withdrawal of case over squabble at ruckus is challenge to democracy: Chennithala                                              Syro Malabar diocese land deal: All issues will be sorted out soon, says Cardinal Alanchery                                              Karat prevails over Yechury: CPM rejects alliance with Congress in 2019                                              After Haj house, parks, dividers painted saffron in Lucknow                                              Yogi govt mulls withdrawing 2013 Muzaffarnagar riots case against BJP leaders                                              At least six dead as Kabul hotel attack ends                                              Four-nation Hockey tourney: India outplay Kiwis 3-1                                              Paes and Sharan save match point to make pre-quarters                                              Hockey India congratulates Birendra Lakra on completing 150 international caps                                              Second victory for Kerala FC in I League                                              Kaumudi Facebook
       BUSINESS Next Article: Axis Bank to conduct inquiry on alleged leakage of results  
       Various small savings scheme's interest rate cut by 0.2 percentage points
 
         Posted on :10:49:57 Dec 28, 2017
   
A A
       Last edited on:10:49:57 Dec 28, 2017
         Tags: Various small savings scheme, interest rate,
 
NEW DELHI: The Government on Wednesday has lowered the interest rates on various small savings scheme by 0.2 percentage points for the January-March quarter as compared to the rates in the previous October-December quarter of the financial year 2017-18.
 
The interest rate on the one-year time deposit has been lowered to 6.6 percent as compared to 6.8 percent in the October-December quarter, whereas the 2-year time deposit will now fetch a lower interest rate of 6.7 percent from 6.9 percent in the previous quarter.
 
A finance ministry notification also showed that the interest rates have been slashed for the five year National Savings Certificate to 7.6 percent from 7.8 percent in the third quarter while the interest rate for Public Provident Fund Scheme has also been cut from 7.8 percent to 7.6 percent for January-March quarter.
 
The girl child savings scheme, Sukanya Samriddhi Account will offer 8.1 percent interest rate from the existing 8.3 percent compounded annually.
 
The Kisan Vikas Patra (KVP) investments will now yield 7.3 percent interest and mature in 115 months, the Ministry of Finance Notification said.
 
However, the interest rate for the five-year Senior Citizens Savings Scheme compounded quarterly and paid will remain unchanged at 8.3 percent.
 
Also, the interest rate on Savings deposit has remained at 4 percent annually.
 
In 2016, the government had decided to notify interest rates for small savings scheme on a quarterly basis. 
A A
       BUSINESS
Next Article: Axis Bank to conduct inquiry on alleged leakage of results
 
 
BUSINESS HEADLINES
Patanjali's Yog Acharyas to conduct Yoga sessions at World Economic Forum  
Mauritius largest source of FDI in India: RBI  
Exports rise over 12% due to engineering goods, petro products  
Budget 2018: ASSOCHAM seeks higher outlay for education  
Rise in demand for Yoga accessories from abroad: Expert  
Nine more cities added to Smart City Mission, total now 99  
Gold retailers hopeful of tax relief ahead of Budget  
GST Council discusses making return filing process simpler  
Banks fuel markets Bull Run; Sensex, Nifty hit new peaks  
Netanyahu meets biz leaders over power breakfast  
Budget 2018: Hardware dealers suggest simplification of filing GST returns  
SBI to raise Rs 20,000 cr for affordable housing, infra  
Rupee rebounds 16 paise to 63.88 a dollar  
Patanjali to partner with Flipkart, Amazon  
GST meeting on Jan 18, to discuss real-estate  
Patanjali won't enter into partnerships with global firms: Ramdev  
Sensex retreats from record, slips 72 pts  
RIL to invest Rs. 5K cr in West Bengal: Ambani  
Financial Institutions to ensure US TIN for pre-existing accounts is reported  
UIDAI allows face recognition for Aadhaar authentication  
What women expect from Union Budget 2018  
Aadhaar biometric lock, a lesser-known security feature  
Govt to invite fresh applications for RBI deputy guv post  
Govt mulls tax-free gratuity of up to Rs. 20 lakh: Report  
Inflation will dip in January, claims SBI  
 
Do you agree with Union Minister Satyapal Singh's opinion that Darwin's theory is scientifically wrong?
yes
 
no
 
no opinion
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy