Govt hikes interest rates on NSC, post office deposits; no change in PPF rate

New Delhi, December 30 The government on Friday hiked the interest rates on small deposits — including post office term deposits, NSC and senior citizen savings scheme — by up to 1.1 percentage points from January 1, in line with...

PTI

Updated At : 11:52 PM Dec 30, 2022 IST

New Delhi, December 30

The government on Friday hiked the interest rates on small deposits — including post office term deposits, NSC and senior citizen savings scheme — by up to 1.1 percentage points from January 1, in line with firming interest rates in the economy.

However, the interest rates on Public Provident Fund (PPF) and the girl child savings scheme Sukanya Samriddhi have not been changed.

National Savings Certificate (NSC) will yield a 7 per cent interest rate from January 1, compared to 6.8 per cent at present. Similarly, the senior citizen savings scheme will give 8 per cent interest against 7.6 per cent currently.

Interest rates on post office term deposit schemes of duration 1 to 5 years will rise by up to 1.1 percentage points.

The monthly income scheme, too, will yield 7.1 per cent interest, up from 6.7 per cent.

The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is run by a trust comprising five eminent persons as trustees.

The Tribune, the largest selling English daily in North India, publishes news and views without any bias or prejudice of any kind. Restraint and moderation, rather than agitational language and partisanship, are the hallmarks of the newspaper. It is an independent newspaper in the real sense of the term.

The Tribune has two sister publications, Punjabi Tribune (in Punjabi) and Dainik Tribune (in Hindi).

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