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RBI Bonds Interest Rate Retained At 7 5% For January-March 2021

RBI bonds interest rate retained at 7.15% for January-March 2021 The RBI Bonds have a tenor of 7 years and the interest earned on it is fully taxable, which is reset in 6 every month. RBI | Representative Image. The Centre, while maintaining their advantage over bank fixed deposits on the Government of India Savings Bonds, retained a 7.15 percent rate for January-March 2021. Popularly known as RBI Bonds, they do not have a fixed interest rate. The RBI Bonds have a tenor of 7 years and the interest earned on it is fully taxable, which is reset in 6 every month. Though the FD rates on RBI Bonds is 7.15 percent, most of the large banks kept the rate in between 4-6 percent, reported LiveMint.

No cut in PPF, NSC, other post office schemes interest rates for Q4 of FY 2020-21

Synopsis This was announced by the finance ministry via a circular dated Dec 30, 2020. As per the circular, PPF will continue to earn 7.10%, the NSC will fetch 6.8%. Here is a look at the interest rates on various small savings schemes for the final quarter of FY 2020-21. Getty Images There is good news for fixed income investors as the government has decided to keep the interest rates on small savings schemes or post office schemes, unchanged for the quarter ending March 31, 2021. This is the third quarter in a row that the government has kept interest rates on various small savings schemes such as Public Provident Fund (PPF), National Savings Certificates (NSC), Sukanya Samriddhi Yojana (SSY) and others unchanged. This means that investors in PPF and SSY will continue to earn the same interest rate as they were earning in the previous quarter, i.e., between October and December 2020. Also, in new investments in the quarter ending March 31, 2021 will get the same interest rates a

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