PPF Interest Rate : Government issued update on PPF-Sukanya Samriddhi, notification will be applicable from April 1

PPF Interest Rate: According to the notification issued by the Finance Ministry for the primary quarter of the brand new monetary yr, the rates of interest of small financial savings schemes have been introduced. According to the notification, these charges will be applicable until June 30, 2024.

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Small Saving Schemes Interest Rate: If you additionally put money into Small Saving Schemes run by the federal government, then this information is beneficial for you. The authorities introduced on Thursday that there will be no change within the rates of interest on numerous small financial savings schemes from the brand new monetary yr i.e. 1 April 2024.

In the notification issued by the Finance Ministry, it was stated that the charges will stay the identical for the primary quarter of the brand new monetary yr beginning from April 1, 2024 and ending on June 30, 2024.

Notification will come into impact after three days

The rates of interest within the first quarter of the brand new monetary yr will stay the identical as they had been for the fourth quarter of the monetary yr 2023-24 (1 January 2024 to 31 March 2024). According to the notification issued by the Finance Ministry, an rate of interest of 8.2 % will be accessible on the quantity deposited underneath Sukanya Samriddhi Scheme . It will stay the identical as earlier than. Apart from this, the rate of interest on three-year FD will stay at 7.1 % as earlier than.

Investment will mature in 115 months.
Apart from this, the rates of interest for PPF and Post Office Saving Scheme, favourite of crores of buyers, will additionally stay the identical as earlier than at 7.1 % and 4 % respectively. The rate of interest on Kisan Vikas Patra has additionally been maintained at 7.5 %.

Investment on this authorities scheme will mature in 115 months. Apart from this, the rate of interest on National Savings Certificate (NSC) for the April-June 2024 quarter will stay the identical at 7.7 %.

Like the present quarter, buyers will get the good thing about 7.4 % rate of interest on Monthly Income Scheme. The rate of interest on small financial savings schemes is notified by the federal government each quarter on the premise of overview. These schemes are primarily operated by the publish workplace.

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