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Govt hikes interest on two small savings schemes

  •   Fri, Dec 29 2023 09:05:09 PM

New Delhi, Dec 29 (IANS): The government has increased interest rates on two small savings schemes for January-March 2024 by 10-20 basis points, making it the sixth consecutive quarterly hike since October-December 2022.

The Finance Ministry notified on Friday that the rate of interest on the three-year time deposit has been increased by 10 basis points to 7.1 per cent from 7 per cent while the rate of interest on the Sukanya Samriddhi Account Scheme has been hiked by 20 basis points to 8.2 percent for January-March 2024.

All other small savings schemes will continue to offer the same rate of interest as the previous quarter.

 
  

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Title: Govt hikes interest on two small savings schemes



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