Post Office: Post office schemes are generally seen as the best option. There is no risk involved in these plans. Also the returns are good. Hence, investing in the post office is the key for many. The central government has given good news for common investors by increasing the interest rate of post office schemes. But the central government has not made any change in the interest rate of all small savings schemes. (Central government cut interest rate in KVP SCSS Kisan Vikas Patra Post Office monthly income)
The central government has increased the interest rates of 2 and 3 year schemes, Senior Citizen Savings Scheme (SCSS), Kisan Vikas Patra (KVP) and Post Office Monthly Income Schemes.
monthly income plan
The interest rate for investors under Monthly Income Scheme (MIS) has been increased by 10 basis points. Now 6.7 percent interest will be available on this scheme. Earlier the interest was 6.6 per cent.
Kisan Vikas Patra
The government has also increased the interest rate on the Kisan Vikas Patra (KVP) scheme. Now under this scheme, 7 percent interest will be given on the maturity of 123 months. Earlier the interest rate for 124 months was 6.9 per cent.
senior citizen
Senior Citizen Savings Scheme (SCSC) will get 7.6 percent interest. This interest rate was earlier 7.4%.
PPF, NSC and Sukanya Samriddhi Yojana
The Central Government has not made any change in the interest rates of PPF, NSC, Sukanya Samriddhi Yojana. Apart from this, no changes have been made in the Post Office Savings Deposit Scheme, 1 Year Fixed Deposit, 5 Year Fixed Deposit and Post Office RD Scheme.
