Small Savings Schemes

Small savings schemes often offer better post-tax returns and higher safety than fixed deposits, especially for long-term investors in higher tax brackets.

Govt leaves interest rates on small savings schemes unchanged for April-June

The government had, on December 29, increased the interest rate on small savings schemes by 10-20 basis points for January-March 2024.

Govt raises interest rates on small savings schemes by 10-20 bps for Jan-Mar 2024

The government had, on September 29, increased the interest rate on one small savings scheme by 20 basis points for October-December.

Small savings interest rates for Jan-Mar 2024 may see slight increase

Interest rates on small savings schemes, while set by the government, are linked to market yields on government securities at a spread of 0-100 basis points over the yield of these securities of similar maturity.

Govt keeping PPF interest rate lower than what formula says due to tax benefit

The interest rate on the Public Provident Fund, one of the most popular small savings schemes of the government, has been left unchanged at 7.1 percent for more than three-and-a-half years

Govt raises interest rate on one small savings scheme by 20 bps for Oct-Dec

The government had, on June 30, increased interest rates on small savings schemes by 10-30 basis points for July-September

Interest rates on some small savings schemes hiked by 10-30 bps for July-September

The government had, on March 31, increased interest rates on small savings schemes by 10-70 basis points for April-June.

Is Mahila Samman Savings Certificate a hit or miss? 

Proposed in the Budget, the Mahila Samman Savings Certificate incentivises savings and offers better than the average interest rate on a lower timeframe. The two-year savings scheme, however, could have done with a higher rate of interest

Govt hikes interest rates on some small savings schemes by 20-110 bps for January-March

The Centre had increased the interest rate by up to 30 basis points for October-December after leaving them unchanged for nine consecutive quarters.

Rate hike in small savings a reason for cheer, but more such moves unlikely in short term

The need to ensure effective monetary transmission and lack of fiscal space could keep small savings rates at current levels. Though small savings schemes serve as tools for resource mobilisation, there are signs the government may reduce its dependence on them

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Govt hikes rates on some small savings schemes by up to 30 bps for Oct-Dec

The rates have been raised after keeping them unchanged for nine consecutive quarters.

Govt keeps small savings rates unchanged for July-September

Rates on small savings instruments are linked with government bond yields, which have risen in recent months amid monetary tightening by the Reserve Bank of India.

With yields up, will interest rates on small savings schemes rise?

The government has seen it fit to keep interest rates on small savings schemes such as NSC and PPF steady despite them being pegged to g-sec yields that have fallen in the last two years. But benchmark yields have been rising now.

Govt keeps interest rates on small savings schemes unchanged for 3rd quarter of FY'22

Public Provident Fund (PPF) and National Savings Certificate (NSC) will continue to carry an annual interest rate of 7.1 per cent and 6.8 per cent, respectively.

Explained | Why do small savings rates matter so much, how do they affect banks and other questions answered

The government’s small savings schemes compete with bank deposits and any change in their rates has an impact on banks’ ability to price deposits.

Explained | Why the government can’t wait to cut interest rates on small savings

Hint: What a scheme pays out to subscribers as interest depends much on what the scheme earns.

Government withdraws small savings scheme rate cut

Finance Minister Nirmala Sitharaman said the orders issued by oversight shall be withdrawn.

Explained | National Small Savings Fund; the schemes allied to it

The government has an array of diverse schemes to inculcate the habit of steady savings with dependable returns among small-scale investors

Check interest rates of PPF, NSC & other small savings schemes for Q3FY21

This was notified by the Finance Ministry on September 30

Govt may cut rate on small savings schemes in next quarter

Bankers have been complaining that high rates on small savings schemes prohibit them from cutting deposit rates.

RBI notifies rates for small saving schemes for Q2

Reserve Bank on July 7 notified the interest rates for different small savings schemes for the quarter ending September

Govt keeps interest rates on small savings scheme unchanged

Government has kept interest rates unchanged for various small savings schemes for the July-October quarter of 2016-17 fiscal

Interest rates for NSSF loan to Centre, states cut to 8.8%

"In line with the revision of interest rates of Small Savings Schemes, interest rates for the National Small Savings Fund (NSSF) loan to Centre and States for FY 2016-17 has been revised and fixed at 8.8 percent," the Finance Ministry said in a statement.