Interest rates of these small savings scheme will remain unchanged for the first quarter of the next fiscal, beginning April 1, 2024, a notification issued by the finance ministry has said.
Post office schemes interest rates for April-June quarter: The government revises small savings schemes interest rates every quarter. Here is a look at the interest rates on various post office schemes for the first quarter of FY 2024-25 along with its compounding frequency.
There is an increasing clamour to invest in gold owing to the impact of rising inflation coupled with stock market volatility. The need to diversify into gold investments cannot be ruled out. However, the risk-reward component along with the taxation aspect differ in all of them.
Small savings scheme interest rates are revised every quarter by the government and interest rates vary accordingly. Apart from the interest rate one should also note and calculate the compounding frequency of interest payout as the final amount may vary depending on this.