Saving Certificates News Today

Government keeps the interest rates unchanged on various small savings schemes for April-June 2024; know latest rates on PPF, post office deposits, Sukanya Samriddhi Yojana, Kisan Vikas Patra

The interest rate of 8.25 per cent on EPF is now higher as compared to small savings schemes like PPF, Sukanya Samriddhi Yojana and post office deposits, which offer up to 8.2 per cent annually

In a notification, the Union finance ministry said that the interest rates of most schemes were at the same level, with some changes in the Sukanya Samriddhi Scheme and 3-year time deposit scheme.

The government has kept interest rates on small savings schemes unchanged, except for 3-year time deposits on which the rate has been hiked by 10 basis points

Going by the G-Sec yields trend, the interest rates on small savings schemes are likely to be raised, says an expert, Small Savings Schemes: Govt Likely To Hike Interest Rates For January-March 2024

Small savings schemes, managed by the government, aim to encourage regular savings and fall into three categories: savings deposits, social security schemes and monthly income plans, , ppf account, national savings certificates, post office deposits

IEX achieves 9,260 MU total electricity volume in October 2023, registering an increase of 21 per cent year-on-year

IEX said its Day-Ahead Market (DAM) volume climbed 8.3 per cent YoY to 4,742 MU in October from 4,379 MU YoY. It said its Real-Time Electricity Market (RTM) volume rose 6.1 per cent YoY to 2,402 MU from 2,265 MU YoY.

Changes take effect from October 30 onward

For the October-December 2023 quarter, the government has kept the interest rates unchanged on small savings schemes, including PPF, Sukanya Samriddhi, Senior Citizens Savings Schemes and post office time deposits