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Wednesday, June 26, 2024

The rate for a five-year recurring deposit increased to 6.7%, but the rates for other important plans remained the same


<p>With the exception of the five-year recurring deposit, whose interest rate was raised from 6.5 percent to 6.7 percent for the period of October to December, the government left interest rates on all significant small savings programs flat.<img decoding=”async” class=”alignnone size-medium wp-image-213061″ src=”https://www.theindiaprint.com/wp-content/uploads/2023/09/theindiaprint.com-the-rate-for-a-five-year-recurring-deposit-increased-to-6-7-but-the-rates-for-othe-750×597.jpg” alt=”theindiaprint.com the rate for a five year recurring deposit increased to 6 7 but the rates for othe” width=”750″ height=”597″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2023/09/theindiaprint.com-the-rate-for-a-five-year-recurring-deposit-increased-to-6-7-but-the-rates-for-othe-750×597.jpg 750w, https://www.theindiaprint.com/wp-content/uploads/2023/09/theindiaprint.com-the-rate-for-a-five-year-recurring-deposit-increased-to-6-7-but-the-rates-for-othe-150×119.jpg 150w, https://www.theindiaprint.com/wp-content/uploads/2023/09/theindiaprint.com-the-rate-for-a-five-year-recurring-deposit-increased-to-6-7-but-the-rates-for-othe.jpg 768w” sizes=”(max-width: 750px) 100vw, 750px” title=”The rate for a five-year recurring deposit increased to 6.7%, but the rates for other important plans remained the same 9″></p>
<p>The Finance Ministry released the new rates for the period between October 1 and December 31, 2023, which are revised every three months for modest savings programs.</p>
<p>The rates of all other important programs, including PPF (7.1%), Sukanya Samriddhi (8%), Kisan Vikas Patra (7.5%), Monthly Income Account (7.4%), National Savings Certificate (7.7%), Senior Citizens Savings Scheme (8.2%), as well as Saving Deposits (4%) remained constant.</p>
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