Govt Hikes Interest Rates Of These Schemes - Wal Pencil

The government has hiked the interest rates of a few small savings schemes by between 20 bps and 110 bps for the January-March quarter after 4 years.

1 Year Time Deposit

Old Rates: 5.5%; New Rates: 6.6%

2 Year Time Deposit

Old Rates: 5.7%; New Rates: 6.8%

3 Year Time Deposit

Old Rates: 5.8%; New Rates: 6.9%

5 Year Time Deposit

Old Rates: 6.7; New Rates: 7.0%

Senior Citizen Saving Scheme

Old Rates: 7.6%; New Rates: 8.0%

Monthly Income Saving Scheme

Old Rates: 6.7%; New Rates: 7.1%

Kisan Vikas Patra

Old Rates: 7.0%(Will mature in 123 months); New Rates: 7.2%(Will mature in 120 months)