Alerts / If you too have been involved in the Modi government's plan, the rupee will now be a big shock, know the new changes

Alerts / If you too have been involved in the Modi government's plan, the rupee will now be a big shock, know the new changes 

The government has cut interest rates on small savings schemes for Tuesday - April - June. Investors will now have a big hit, reducing them by 70 to 140 basis points. 

Those who have invested in the Sukanya scheme of the PPF and the Modi government are likely to suffer major losses now.
Government cuts interest rates
Hit investors by a decrease of 70 to 140 basis points
Such interest will now be available in these schemes
This change came in PPF

Public Provident Fund (PPF) has reduced interest rate by 0.80%. At the same time, the interest rate on Kisan Vikas Patra (KVP) has been reduced by 0.70 percent to 6.9 percent. That is, interest rates on small savings plans are revised on a quarterly basis.
NSC Interest Rate Reduction

The National Savings Letter (NSC) has reduced interest rates by 1.10%. Investors will now get 6.8% interest on the investment.

 The highest rate of interest on a 5-year recording deposit (RD) is 1.40 percent. Now, RD will get 8.8 percent interest for the period. At the same time, interest rates have been reduced by 1 percent.

The government has taken this step after the Reserve Bank of India (RBI) reduced the repo rate. The RBI cut its main interest rate by 75 bps to meet the economic decline caused by the Corona virus on March 27.

Find out how much interest you can get on a savings plan
  • Public Provident Fund (PPF interest rate): 7.1%
  • Sukanya Samriddhi Scheme Interest Rate: 7.6%
  • Senior Citizens Savings Scheme Interest Rate: 7.4%
  • National Savings Certificate (NSC) Interest Rate: 6.8%
  • Kisan Vikas Patra (KVP) Interest Rate: 6.9%
  • Post office time deposit for 5 years (Post office time postie 5-years) Interest rate: 6.7%
  • Monthly Income Account: 6.6%
Join our Whatsapp group
Join Our Telegram chenal 


ગુજરાતીમાં સંપુર્ણ માહીતી માટે અહિં ક્લિક કરો.