Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2018        Go!    
 
 
April 26, Thursday 2018 5:11 PM       

       HEADLINES: Artiste collapses, dies during Thrissur pooram                                              DNA test result confirms body to be of Liga                                              Lapse in cadre system, there exists factionalism: CPI organisational report                                              Liga’s death: Yoga teacher being questioned                                              Keerthana’s death under suspicion: Police to find Sowmya’s husband                                              Indu Malhotra to be SC judge, KM Joseph's elevation to be held back                                              13 kids killed as train hits school van in UP                                              PM Modi to leave for China Thursday                                              Macron slams Trump's import tariffs                                              Ex-US president George H W Bush recovering                                              No specific agendas for upcoming Indo-China 'informal' summit                                              Kohli recommended for Khel Ratna Award                                              BCB's new stadium may give competition to Eden Gardens                                              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
Cabinet approves MSP hike for raw jute  
Kazakhstan introduces 72-hour free transit visa for Indian citizens  
Maharana of Udaipur witnesses "Treasure from the Al Thani Collections" at Beijing  
CBDT notifies introduction of section 112A in the Act  
'Diesel price hike affecting garment industries'  
Sensex gains for 2nd day, Nifty tops 10,600-level  
E-way bill rollout on Wednesday in four states: Centre  
Nifty ends above 10,550, up 20.65 points  
Millennials switching jobs fast, techies lead the way: Study  
Deposits in Jan Dhan accounts cross Rs. 80,000 crore  
Is cash crunch affecting printing machinery biz?  
Recruitment growth eases to 3% in March '18  
India's role to expand in Indo-Pacific region: IMF  
Forex reserves at life-time high of $426.082 bn  
Sensex ends flat; tech stocks surge  
Passengers could be compensated up to Rs. 20,000 for flight delays, cancellations: draft rules  
Rlys' operating ratio could be its worst ever in FY 18  
Chai villa: Engineering couple who gave up cushy jobs to sell tea  
Sensex spurts 96 pts in see-saw trade; metals shine  
Cash crunch: Now bank unions threaten agitation  
Sensex rises over 100 pts, Nifty above 10,500  
Reports of cash shortage defy logic: SBI  
Lenders need to be proactive in monitoring borrowers: RBI  
Loan default: DPIL directors presented before CBI court  
Parliamentary Committee summons RBI Governor amid banking scams  
 
Do you agree with setting age limits for giving death penalty to rapists?
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