30-12-2023 09:42 AM | Source: IANS
Government hikes interest on two small savings schemes
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.
Latest News
Buy Tube Investments of India Ltd. For Target Rs.4,0...
Gulshan Polyols jumps on getting `Consent to Operate...
Indian retailer Arvind's Q4 profit rises on stable t...
KKR to buy India's Healthium Medtech at $839 million...
Indian economy and equity markets outperformed China...
Neutral Torrent Pharma For Target Rs.2,540 - Motila...
India`s services sector clocks robust growth in Apri...
L&T rises after its arm rolls out industry-integrate...
Buy Bharat Petroleum Corporation Ltd. For Target Rs....
Aurobindo Pharma trades higher on the BSE