Post Office Small Saving Scheme: People investing in the post office can get good news soon.
By the end of this month, the government can increase the interest in government schemes like Public Provident Fund,
Senior Citizen Scheme, Sukanya Samriddhi Yojana, NSC, KVP, etc., coming under Small Savings Scheme.
The government has kept these small savings schemes the same 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 have been increasing since May 2022.
For this reason, many banks are giving interest of up to 9% for certain tenures.
Due to the increase in the interest on bank fixed deposits, most investors are considering 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 in these savings schemes 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 in the new year.
A rise in inflation can also lead to an increase in interest on small savings schemes.
The increase in RBI’s repo rate by more than 2 percent can also be a reason.
How much interest can increase
According to some media reports, it is 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…
- Public Provident Fund interest can increase from 7.1 percent to 7.72 percent.
- Year term deposit is getting 5.5% interest, which can be increased up to 6.09%.
- There is 5.7% interest on a two-year term deposit, which can increase to 6.33%.
- There can be an increase from 6.7 percent to 7.29 percent in 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 the Senior Citizen Saving Scheme can be increased from 7.6 percent to 8.06 percent.
- The interest rate of the Sukanya Samriddhi Account Scheme can be increased from 7.6 percent to 8.22 percent.
