Tuesday, April 16, 2024
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Interest on PPF will remain unchanged

New Delhi (Agency) : The annual interest rate on PPF and NSC will remain at 7.1 percent and 6.8 percent, respectively, in the first quarter. At the same time, 7.6 percent interest will be available on Sukanya Samriddhi Yojana. As per the notification, the five-year Senior Citizens Savings Scheme will continue to earn an interest rate of 7.4 per cent. Interest on savings account will be 4 percent as before.

Term deposits with tenures ranging from one year to five years will attract an interest rate of 5.5 per cent to 6.7 per cent, while that on five-year recurring deposits (RDs) will fetch 5.8 per cent.

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