Highlights

The interest rate for 5 year time deposits have been hiked from 7% to 7.5%

The highest interest rate hike is for National savings certificate, by 0.7% to 7.7%

Interest rates for PPF remains unchanged at 7.1%

Latest news

Dell Launches New Pro Precision AI Workstations In India, Introduces Deskside Agentic AI Platform

Dell Launches New Pro Precision AI Workstations In India, Introduces Deskside Agentic AI Platform

Oppo Enco Air5 Review: Incredible Value at ₹3,099

Oppo Enco Air5 Review: Incredible Value at ₹3,099

Samsung Galaxy A27 5G Goes On Sale In India With Cashback Offers, Zero Down Payment Schemes

Samsung Galaxy A27 5G Goes On Sale In India With Cashback Offers, Zero Down Payment Schemes

Nothing Phone (4b) First Impressions: A Strong Debut For The New 'b' Series 

Nothing Phone (4b) First Impressions: A Strong Debut For The New 'b' Series 

Samsung Galaxy A27 Review: A Dependable Mid-Ranger With Few Surprises

Samsung Galaxy A27 Review: A Dependable Mid-Ranger With Few Surprises

Union Finance Minister Nirmala Sitharaman Inaugurates Muzhiyan Kulam, Restored by Lumina Datamatics and Community Stakeholders in Puducherry

Union Finance Minister Nirmala Sitharaman Inaugurates Muzhiyan Kulam, Restored by Lumina Datamatics and Community Stakeholders in Puducherry

"Don't think anyone will be able to break his track record": Annu Kapoor hails Big B's unmatched legacy

"Don't think anyone will be able to break his track record": Annu Kapoor hails Big B's unmatched legacy

Rewriting the Rules of Business Education: Stride School of Business Unveils Its AI-First Campus Infrastructure

Rewriting the Rules of Business Education: Stride School of Business Unveils Its AI-First Campus Infrastructure

Interest rates for small savings schemes hiked for April - June 2023 quarter

Interest rates for majority of the small savings schemes have been increased by up to 70 basis points (0.7%). This is for the April to June 2023 quarter. 

Interest rates for small savings schemes hiked for April - June 2023 quarter

In what comes as some good news for investors, the government has hiked the interest rate for several of the small savings schemes for the April to June 2023 quarter.

The interest rate for 5 year time deposits have been hiked from 7% to 7.5%. Interest rate for senior citizens savings scheme has been hiked from 8% to 8.2%.

The highest interest rate hike is for National savings certificate, by 0.7% to 7.7%. Interest rate on Sukanya Samridhhi has been hiked to 8% from 7.6%.

However, interest rates for PPF remains unchanged at 7.1%

Interest rates on small savings schemes are reviewed every quarter.

ADVERTISEMENT

Up Next

Interest rates for small savings schemes hiked for April - June 2023 quarter

Interest rates for small savings schemes hiked for April - June 2023 quarter

Step-by-step guide to apply for a mortgage loan online with minimal documentation

Step-by-step guide to apply for a mortgage loan online with minimal documentation

Honda Activa 6G: Everything You Need to Know Before Buying

Honda Activa 6G: Everything You Need to Know Before Buying

How much does a ULIP plan really cost? A break-down of all charges

How much does a ULIP plan really cost? A break-down of all charges

Centre plans to borrow Rs 8.20 lakh cr from market in first half of FY27

Centre plans to borrow Rs 8.20 lakh cr from market in first half of FY27

Reliance denies buying Iranian oil amid US sanctions waiver

Reliance denies buying Iranian oil amid US sanctions waiver

ADVERTISEMENT

editorji-whatsApp

More videos

Premium petrol price up Rs 2, industrial diesel up Rs 22; no change in normal petrol, diesel rates

Premium petrol price up Rs 2, industrial diesel up Rs 22; no change in normal petrol, diesel rates

India's GDP expected to register over 8 pc growth in Sep-Dec: Report

India's GDP expected to register over 8 pc growth in Sep-Dec: Report

Govt announces seven measures to help boost exports

Govt announces seven measures to help boost exports

RBI keeps interest rates on hold after US trade deal boosts outlook

RBI keeps interest rates on hold after US trade deal boosts outlook

RBI proposes to compensate customers up to Rs 25,000 loss due to fraud

RBI proposes to compensate customers up to Rs 25,000 loss due to fraud

RBI raises GDP growth projection of Q1, Q2 of FY27

RBI raises GDP growth projection of Q1, Q2 of FY27

RBI pauses rate cuts, retains interest rate at 5.25 pc

RBI pauses rate cuts, retains interest rate at 5.25 pc

Rupee jumps 122 paise to close at 90.27 against US dollar on India-US trade deal

Rupee jumps 122 paise to close at 90.27 against US dollar on India-US trade deal

Stock markets cheer India-US trade deal: Sensex, Nifty surge 2.5 pc

Stock markets cheer India-US trade deal: Sensex, Nifty surge 2.5 pc

UPI transactions hit record high of Rs 230 lakh crore in 2025-26 till Dec: Govt

UPI transactions hit record high of Rs 230 lakh crore in 2025-26 till Dec: Govt

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.