April 17, 2024

Traders searching for fixed-income investing alternatives have a number of potentialities. The preferred is mounted deposits. There are, nonetheless, different potentialities, corresponding to modest financial savings plans corresponding to public provident funds, nationwide financial savings certificates, and publish workplace deposits, which give set returns and are supported by the federal government. Under we’ve got talked about the rates of interest on financial institution FDs and small financial savings applications.

Newest Curiosity Charges On Small Financial savings Schemes

The rates of interest for the present quarter October-December 2023 are as follows:

Small Financial savings Schemes Curiosity Price
Financial savings Deposit 4 per cent
1-12 months Publish Workplace Time Deposits 6.9 per cent
2-12 months Publish Workplace Time Deposits 7.0 per cent
3-12 months Publish Workplace Time Deposits 7 per cent
5-12 months Publish Workplace Time Deposits 7.5 per cent
5-12 months Recurring Deposits 6.7 per cent
Nationwide Saving Certificates (NSC) 7.7 per cent
Kisan Vikas Patra 7.5 per cent
Public Provident Fund 7.1 per cent
Sukanya Samriddhi Account 8.0 per cent
Senior Residents Financial savings Scheme 8.2 per cent
Month-to-month Revenue Account 7.4 per cent

Newest Curiosity Charges On Financial institution FD

Among the many major banks, HDFC Financial institution gives FD rates of interest of as much as 7.75 per cent, relying on deposit period and depositor age. PNB gives FD charges of as much as 7.75 per cent per yr, whereas SBI gives charges of as much as 7.50 per cent per yr.

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