Saving Schemes: Choose FD or Small Saving Scheme? Which one will get strong returns, see full list of new interest rates – fixed deposit or small savings scheme which one will get more interest

Increased interest rates on small savings schemes

The government has increased the interest rates on Small Savings Schemes on Friday. These include schemes like Senior Citizen Savings Scheme, Sukanya Samriddhi (SSY) and National Savings Certificate (NSC). The government has increased the interest rates on these schemes by up to 0.70 per cent. These increased interest rates will be applicable for the quarter April to June 2023. The government has changed the interest rates on small savings schemes for the third time in the last 9 months. Now interest ranging from 4% to 8.2% will be given on these. Earlier, the government had increased the interest rates for the January-March quarter on January 1. After the increase in interest rates, the interest rate of Senior Citizen Savings Scheme has become the highest at 8.2 percent. After this, the highest interest has been fixed for 8 percent Sukanya Samriddhi Yojana. Earlier it was 7.6 percent.

However, there has been no change in the interest rates of PPF. This has happened for the second time in a row. Last time in the January quarter also, the Finance Ministry did not increase the interest rate on the PPF scheme. The interest rate on PPF still remains the same at 7.1%. Apart from this, the interest rates of the savings deposit scheme have also not been increased. There is an interest rate of 4 percent on this.

See how much interest is being received on which scheme