Govt raises interest on 5 small savings schemes1 min read 30 Sep 2022, 12:23 AM IST
The department of economic affairs hiked the interest rates on three-year post office term deposit to 5.8% from 5.5% and on two-year term deposits to 5.7% from 5.5%. Interest payouts on SCSS and KVP were hiked by 20 bps and 10 bps, respectively
NEW DELHI : After maintaining status quo for 10 straight quarters, the Centre has revised interest rates on five small savings schemes—including the senior citizen savings scheme (SCSS) and Kisan Vikas Patra (KVP)—by up to 30 basis points for the October-December period.
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