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Public Provident Fund

Govt hikes interest rates on most small saving schemes for June quarter

The interest rate on the Public Provident Fund has yet again been kept unchanged at 7.1%

Govt hikes interest rates on most small saving schemes for June quarter
Updated On : 31 Mar 2023 | 6:12 PM IST

Govt hikes interest rate on NSC, senior citizen savings scheme from Jan 1

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 has 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.

Govt hikes interest rate on NSC, senior citizen savings scheme from Jan 1
Updated On : 30 Dec 2022 | 6:24 PM IST

PPF and Sukanya Samriddhi are most attractive in small-savings basket

Senior Citizens' Savings Scheme remains a must-have for those who need regular cash flows after retirement

PPF and Sukanya Samriddhi are most attractive in small-savings basket
Updated On : 05 Oct 2022 | 11:14 PM IST

Post office staff swindles Rs 96 cr of public money in saving schemes: CAG

Auditor's report alleges fraudulent withdrawals, forgery, cheating in postal circles across India

Post office staff swindles Rs 96 cr of public money in saving schemes: CAG
Updated On : 10 Aug 2022 | 12:48 AM IST

West Bengal's share in small savings rises to highest since pandemic began

Maharashtra has also seen an increase in net collections in recent years

West Bengal's share in small savings rises to highest since pandemic began
Updated On : 02 Aug 2022 | 2:29 PM IST

Invest by the 5th of a month to optimise return on PPF, say experts

One significant point investors must remember while investing in PPF is that they must put in the money at the right time to maximise the return they earn from it.

Invest by the 5th of a month to optimise return on PPF, say experts
Updated On : 31 Mar 2022 | 6:10 AM IST

Early start, more equity can beat low interest rates, say analysts

Counter the cut in EPF rate with an asset-allocated retirement portfolio and using instruments like NPS

Early start, more equity can beat low interest rates, say analysts
Updated On : 30 Mar 2022 | 6:05 AM IST

Once low-profile NSSF now a key player in Centre's finances for past 7 yrs

While govt's market borrowings have doubled from FY16 to FY22, NSSF loans to finance fiscal deficit have grown 11x

Once low-profile NSSF now a key player in Centre's finances for past 7 yrs
Updated On : 09 Feb 2022 | 7:57 PM IST

Understanding provident fund and public provident fund

Those working in the private sector don't have retirement benefits like pension. The retirement corpus they build over the years is through provident fund (PF). But what are PF and PPF? Let's find out

Understanding provident fund and public provident fund
Updated On : 30 Nov 2021 | 8:45 AM IST

Your EPF account will now show taxable and non-taxable balance

Those earning high salaries should think twice before getting it restructured

Your EPF account will now show taxable and non-taxable balance
Updated On : 03 Sep 2021 | 6:02 AM IST

Rate reversal: West Bengal contributes most to National Small Saving Fund

In 2017-18, West Bengal accounted for 15 per cent of the total contributions made to the NSSF; its share increased from 12.4 per cent in 2007-08

Rate reversal: West Bengal contributes most to National Small Saving Fund
Updated On : 01 Apr 2021 | 2:39 PM IST

Govt cuts interest rates on small savings schemes effective from April 1

The rate of interest on PPF has declined from 7.1 per cent earlier to 6.4 per cent now

Govt cuts interest rates on small savings schemes effective from April 1
Updated On : 01 Apr 2021 | 2:36 AM IST

How NSSF could morph from a rainy-day fund into a huge burden for the govt

Costlier loans from NSSF, at 7.4% interest rate, will occupy more than 10% share in govt's outstanding public debt soon, all to give the small saver a higher interest rate than the market

How NSSF could morph from a rainy-day fund into a huge burden for the govt
Updated On : 23 Feb 2021 | 6:56 AM IST

Covid-19 makes small savings the prime channel for parking individual money

Collections by small savings schemes crossed Rs 1 trillion in April-September for the first time

Covid-19 makes small savings the prime channel for parking individual money
Updated On : 11 Nov 2020 | 8:21 PM IST

Equity seems to be losing its charm as long-term returns disappoint

Gold, fixed income do well; Nifty50 stocks do not compensate for extra risk

Equity seems to be losing its charm as long-term returns disappoint
Updated On : 13 Jul 2020 | 6:00 AM IST

Investment in sovereign-backed bonds: Be prepared for rate changes

You can invest as much as you like in these bonds, but they are subject to rate changes

Investment in sovereign-backed bonds: Be prepared for rate changes
Updated On : 30 Jun 2020 | 1:34 AM IST

Don't chase higher yields, avoid risk and stick to safer categories

Stick to solid banks and shun both credit and duration risk in debt funds

Don't chase higher yields, avoid risk and stick to safer categories
Updated On : 30 Apr 2020 | 1:57 AM IST

You get 3 more months to deposit money in PPF, Sukanya Samriddhi Yojana

The deadline to make deposits in PPF and Sukanya Samriddhi Yojana for the financial year 2019-20 (FY20) has been extended till June 30 this year

You get 3 more months to deposit money in PPF, Sukanya Samriddhi Yojana
Updated On : 11 Apr 2020 | 11:33 PM IST

Top headlines: Govt to borrow Rs 4.88-trn, PPF to fetch 7.1%, and more

From Centre allowing 100% rebate on PM-CARES fund, top 22 families losing Rs 22 trillion to vegetable markets coming back to life, Business Standard brings you top headlines of the day

Top headlines: Govt to borrow Rs 4.88-trn, PPF to fetch 7.1%, and more
Updated On : 01 Apr 2020 | 8:35 AM IST

PPF to fetch 7.1%, NSC 6.8% as govt cuts small savings interest rates

This is because the government went for one of the steepest cuts of up to 1.4 percentage points in these interest rates to facilitate banks to lower their rates.

PPF to fetch 7.1%, NSC 6.8% as govt cuts small savings interest rates
Updated On : 01 Apr 2020 | 1:50 AM IST