Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2018        Go!    
 
 
April 21, Saturday 2018 1:24 PM       

       HEADLINES: We have lost a socially-committed editor: Governor                                              K M Mani condoles M S Ravi's demise                                              Kadakampally, Kerala Working Journalist Union condole demise of Kerala Kaumudi Chief Editor                                              Kathua fake hartal arsonists to face POCSO charges                                              New born baby mauled to death                                              Opposition's five charges against CJI Dipak Misra                                              Jaitley terms impeachment motion against CJI a 'revenge petition'                                              Impeachment motion against CJI a political move: Constitution expert                                              Cuba marks end of era as Castro hands over power                                              PM Modi should pay more attention to women safety: IMF chief                                              Sheikh Hasina makes it to Time's list of 100 most influential people                                              Ships don't want to stop at Chinese run Hambantota                                              Cricket Australia to name Lehmann's replacement before UK tour                                              ECB proposes new 100-ball format of cricket                                              World Cup of tennis in one week is horrible idea: Anand Amritraj                                              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
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  
Pay extra for choosing middle seats on Air India flights  
Govt invites EoI for strategic sale of Bharat Pumps  
China facing possible economic meltdown  
ATMs run dry in many states; Will be resolved soon, says Govt  
Sensex extends gains on normal monsoon forecast  
Trai unveils beta site for comparison of telcos' tariffs  
AI suspends senior officer for indiscipline  
Sensex tanks 293 pts on weak Asian cues; Infy falls 4%  
China's economy slows in first quarter: AFP survey  
US Treasury Department adds India on its watch list  
CBDT invites comments to improve transparency in tax rulings  
Apollo Munich Health Insurance ranked among India's 15 'Best Workplaces in the BFSI Sector'  
Rupee recoups intra-day losses, closes 5 paise higher  
 
Sreejith case: Do you think arrested policemen are innocent?
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