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Sukanya Yojna and PPF will get more interest

in National September 20, 2018 Comments Off on Sukanya Yojna and PPF will get more interest 715 Views

New Delhi :20/9/18: There is good news for those who invest in small savings schemes. The Modi government has increased interest on these schemes. The central government has announced interest rates for October-December quarter.

The Finance Ministry tweeted on Wednesday and informed about it. Accordingly, you will now get more interest on other schemes including Sukanya Samridhi Yojana, Public Provident Fund.

According to the notification, now you will get 8.5 per cent interest on Sukanya Samridhi Yojana. Earlier, till September, you got 8.1 percent interest on it.

Even on public provident fund, you now get 7.6 percent interest annually. Now it has been increased to 8 percent. Interest on the Kisan Vikas Patra has now become 7.7%. Earlier it was 7.3 percent.

Advantage also on NSC:

According to the notification of the Ministry of Finance now get 8 percent interest on National Savings Certificates (NSC). Earlier it received 7.6 percent interest. Also 5-year monthly income account of 7.7 per cent, Senior Citizen Savings 8.7 per cent and 5-year recurring deposits on the scheme you will now 7.3 per cent.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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