From April 1, Recurring Deposit Small Savings Scheme Interest Rate Cut To 5.8%

[ad_1] Interest rates for smalls savings schemes such as recurring deposit are reviewed every quarter From April 1, the government has lowered the interest rate for the Recurring Deposit  (RD) small savings scheme by 140 basis points (1.4 percentage point). For the quarter ended March 31, investment in the post office five-year recurring deposit account […]

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Senior Citizen Savings Scheme (SCSS) No Longer Pays 8.6% Interest Rate

[ad_1] The rate of return for small savings schemes such as SCSS are reviewed on a quarterly basis From the beginning of this month, investment in the Senior Citizen Savings Scheme (SCSS) – one of the nine government-run small savings schemes – fetches a lower return of 7.4 per cent, compared to 8.6 per cent in […]

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