At present, the interest rates on small savings schemes range between four per cent (post office savings deposits) and 8.2 per cent (Senior Citizens Savings Scheme).
The Indian Postal Department has introduced attractive savings schemes with safe and guaranteed returns for the benefit of depositors. By periodically fixing the interest rates on postal savings schemes, the Indian government can expect higher growth in deposits.
PPF, Post Office Deposits, KVP Schemes: Govt has hiked interest rates on 1-year and 2-year post office time deposits to 6.9 per cent and 7.0 per cent, respectively, and 30 bps on 5-year recurring deposits to 6.5 per cent
Bank of Maharashtra organises customer connect and outreach program in Mumbai newkerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newkerala.com Daily Mail and Mail on Sunday newspapers.
Bank of Maharashtra organises customer connect and outreach program in Mumbai bignewsnetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bignewsnetwork.com Daily Mail and Mail on Sunday newspapers.