At the beginning of the financial year, the government of India has increased the rates for Post Office Monthly Income Scheme and Post Office Recurring Deposit schemes for the April-June quarter.
The revised rate for the Post Office Monthly Scheme account stands at 7.7%, and the Post Office Recurring Deposit is 6.2%, according to the new notification from the Department Of Economic Affairs, Ministry of Finance.
Senior Citizens Savings Scheme, Sukanya Samriddhi Yojna, Kisan Vikas Patra, and Post Office Fixed Deposits have also seen a hike in their interest rates following this change. There has, however, been no change in Public Provident Fund or PPF interest rate.
Revised Interest Rates of Post Office Savings Schemes w.e.f 01.04.2023 pic.twitter.com/vVSVs7E1bQ
April 1, 2023Here's a look at the revised interest rates of Post Office Savings Schemes
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
