Interest Rates Hike on NSC, Post Office Deposits by 1.1 BPS; No Change in Public Provident Fund and Girl Child Savings Scheme 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 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. Govt Hikes Interest on Post Office Savings Schemes by Up to 1.1 Bps, Retains PPF Rate.

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. Property Registrations Rise 9% in Mumbai City During 2022 to 1.22 Lakh Units, Highest in 10 Years.

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.

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