Financial Literacy News: Senior citizens generally get a slightly better interest rate on bank fixed deposits (FDs) compared to other investors. Similarly, the government has special programs for them, like the Senior Citizens Savings Scheme (SCSS).
Government keeps the interest rates unchanged on various small savings schemes for April-June 2024; know latest rates on PPF, post office deposits, Sukanya Samriddhi Yojana, Kisan Vikas Patra
The interest rate of 8.25 per cent on EPF is now higher as compared to small savings schemes like PPF, Sukanya Samriddhi Yojana and post office deposits, which offer up to 8.2 per cent annually
The Union finance ministry announced that while most scheme rates remained unchanged, slight adjustments were made to the Sukanya Samriddhi Scheme and the 3-year time deposit scheme, as per the notification, , Small Savings Schemes, Sukanya Samriddhi Yojana, PPF rate, rates hike
The government has kept interest rates on small savings schemes unchanged, except for 3-year time deposits on which the rate has been hiked by 10 basis points