Good news for these investors of PF and Post Office, the government took this decision

Those facing trouble on the economic front in the Corona crisis will get some relief from this decision. The government has decided that this rate will be applicable till December quarter.

The central government has given big relief to small savings account holders. The government has decided that the current interest rates will be applicable on schemes like Provident Fund, Post Office Kisan Vikas Patra, National Saving Certificate and Sukanya Samriddhi.

Also Read: PM Kisan Yojana: Despite not being eligible, if you are taking wrong money then the government will recover from you, know the government’s plan

Those facing trouble on the economic front in the Corona crisis will get some relief from this decision. The government has decided that this rate will be applicable till the December quarter. The decision on new rates will now be done only after December. In this regard, the government has also issued a circular informing the rate for the October to December quarter.

The government fixes the interest rate for small saving schemes every quarter. A decision in this regard was taken earlier in the April-June quarter. That is, 6.9 percent interest will be applicable on Kisan Vikas Patra, 7.1 on PPF scheme and 7.6 percent on Sukanya Samriddhi.

Such rates will be available on these schemes –

Savings Deposit – 4% per annum
from one to three years time deposit – 5.5%
5 years Recurring Deposit annually – 5.8%
5 years Senior Citizen Savings Scheme – 7.4%
5 year Monthly Income Account Scheme – 6.6%
National annually Saving – 6.8% per annum
Public Provident Fund Scheme – 7.1% annually

 

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