Thursday, February 2, 2023
HomeBusinessThe interest rate of PPF, Sukanya Samriddhi and KVP schemes will increase...

The interest rate of PPF, Sukanya Samriddhi and KVP schemes will increase on the new year, know how much will increase!

Post Office Small Saving Scheme: People investing in post office can get good news soon. By the end of this month, the government can increase the interest of government schemes like Public Provident Fund, Senior Citizen Scheme, Sukanya Samriddhi Yojana, NSC and KVP etc. coming under Small Savings Scheme. The government has not made any changes in these small savings schemes for a long time. In such a situation, the government can amend the interest of these small savings schemes.

Due to the frequent increase in the repo rate by the Reserve Bank of India, the bank’s FDs are increasing from May 2022. For this reason, many banks are giving interest of up to 9% for certain tenures. Due to the increase in the interest of bank fixed deposits, most of the investors are thinking of investing in bank schemes.

The reason for the increase in the interest rates of small savings schemes

The interest rate is revised every quarter for small savings schemes of the post office. However, the interest of these savings scheme has been kept unchanged since the time of Kovid. In the year 2022, the interest of some schemes was increased, but most of the interest schemes have been kept unchanged. The small savings scheme will run quarterly from January to March 2023. In such a situation, the government can increase these interest rates on the new year. Also, a rise in inflation can also lead to an increase in interest on small savings schemes. Also, the increase in RBI’s repo rate by more than 2 percent can also be a reason.

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How much interest can increase

According to some media reports, it is being said that the government may increase the interest rate during the year 2022. The government can increase this by about 1 percent. Let us know in which scheme how much the interest rates can increase…

News Reels

    • Public Provident Fund interest can increase from 7.1 percent to 7.72 percent.
    • One year term deposit is getting 5.5% interest, which can be increased up to 6.09%.
    • There is 5.7% interest on two-year term deposit and it can increase up to 6.33%.
    • There can be an increase from 6.7 percent to 7.29 percent on 5 years TD.
    • RD interest can be increased from 5.8 percent to 6.57 percent.
    • The interest on MIS can be increased from 6.7 percent to 7.25 percent.
    • The interest on KVP can be increased from 7 to 7.47 percent.
    • The interest rate of Senior Citizen Saving Scheme can be increased from 7.6 percent to 8.06 percent.
    • The interest rate of Sukanya Samriddhi Account Scheme can be increased from 7.6 percent to 8.22 percent.

(These are tentative rates based on media reports. Actual rates may vary)

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