Small Savings

Govt announces latest interest rates on small savings schemes: Check details

The interest rates for popular Public Provident Fund (PPF) and post office savings deposit schemes, too, have been retained at 7.1 per cent and 4 per cent, respectively.

FinMin may cut rates on small savings schemes in FY26, says govt source

The RBI's Monetary Policy Committee (MPC) on February 7 lowered interest rates by 25 basis points to 6.25 percent from 6.5 percent after almost five years.

FinMin leaves interest rates on small savings schemes unchanged for Q4FY25

The central government notifies the interest rates on small savings schemes, majorly operated by post offices and banks, every quarter.

Centre may not extend Mahila Samman Savings Certificate scheme beyond March 2025

A government official said the Centre has targeted lower collections via small savings in FY25 as mop-up from some schemes may taper going ahead.

Govt leaves interest rates on small savings schemes unchanged for July-Sep

The finance ministry started raising small savings interest rates in October-December 2022 after leaving them unchanged for nine consecutive quarters.

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.

Small savings mop-up at 64% of full-year target; should meet FY24 Budget aim: Official

On capital expenditure, this official said, spending has reached around 80 percent of the revised 2023-24 target of Rs 9.5 lakh crore as of early February 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.

Small savings schemes set to get more attractive as govt eases rules

Under the new norms, individuals now have three months to open an account for the Senior Citizen’s Savings Scheme, an increase from the current one-month timeframe.

Bonanza small savings inflows may give India room to lower FY24 market borrowing: FinMin source

Net collections under the small savings fund has seen a growth of around 48% on-year for the current financial year and has reached 34 percent of the Budget target for 2023-24 as of now.

MC Interview: Growth in small savings significantly high, on track to meet Rs 4.71 lakh crore target, says Fin Secy

TV Somanathan also said that NSSF inflows will not be impacted even if many people shift to the new direct tax regime

Mahila Samman savings certificate: Investment limit, how to open

Under this plan, women and girls can invest up to Rs 2 lakh for a tenure of two years with an interest rate of 7.5 percent per annum with the facility of partial withdrawal. While post offices are ready to launch it from April 1, banks may take some time to roll out the scheme.

Big boost for small savings schemes in higher interest rates for June quarter

Small savings schemes interest rates have been hiked by 10-70 basis points for the latest quarter. But the interest rate on PPF has been left unchanged at 7.1% .

Small savings schemes' interest rates for April-June may see third straight hike

The government has increased interest rates on small savings schemes by up to 140 basis points over the last six months. And if it follows what the formula prescribes, interest rates may be increased further for the first quarter of 2023-24

Rising policy rates to upset PM Modi’s Budget math on small savings

Depositors are now more likely to park their monies in attractive bank fixed deposits, instead of government-backed savings schemes, where rate adjustments tend to happen with a lag

Budget 2023: Why is this a good budget for the salaried class, senior citizens and small investors

The salaried class was anticipating a rebate and relaxation of some sort in the income-tax slabs. This has rightly been taken up in Union Budget 2023. The new proposals include raising the rebate limit, reducing the number of tax slabs, and increasing the standard deduction limits.

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.

The scary prospect of pauperisation of small savers

If economic compulsions demand a status quo on small savings rates, the government should think of other measures to shield senior citizens and retirees from the price punch

Madam FM, can the middle class expect a repeat of your Mumbai act?

Just as she offered a glass of water to a thirsty speaker, cash-perched interest earners would welcome some sort of out-of-turn economic succour from Sitharaman

Govt makes no changes to small savings schemes interest rates for April-June

This is the eighth consecutive quarter in which the interest rates on small savings instruments have been left unchanged even though the corresponding government bond yields have fluctuated.

Small savings schemes rates left unchanged for Q2 FY22: Govt

Instruments under the small savings category include Public Provident Fund (PPF), Senior Citizens Saving Scheme (SCSS), National Saving Certificate (NSC), Monthly Income Scheme (MIS) and others. They offer varying rates of interest ranging from 4 to 7.6 percent.

Seven money moves to make as a new financial year begins